30-year mortgage holds steady, 15 dips slightly

2/8/2006

The 30-year Treasury bond closed down 12/32 in price with the yield rising to 4.67 percent, up from 4.66 on Tuesday. The 10-year Treasury note closed down 6/32 with the yield rising to 4.59 percent, up from 4.57 percent on Tuesday. The five-year Treasury note closed down 5/32 with the yield climbing to 4.55 percent, up from 4.52 percent on Tuesday. The two-year Treasury note closed down 2/32 with the yield climbing to 4.63 percent, up from 4.6 percent on Tuesday. At 4 p.m. EST, average mortgage rates (zero discount points) based on rates collected nationwide were: The 30-year conventional fixed-rate mortgage was unchanged at 6 percent. The 15-year conventional fixed-rate mortgage was at 5.572 percent, down from 5.585 percent on Tuesday.

Coming up Thursday brings the event that the bond market has been focused on for more than a week, the long-term bond auction. It will be the first time since 2001 that the government has put 30-year bonds on the block -- $14 billion worth.

Mortgage rates are expected to stay at or near today's levels.

mortgage rates dip slightly

2/7/2006

The 30-year Treasury bond closed down 18/32 in price with the yield rising to 4.66 percent, up from 4.62 percent on Monday. The 10-year Treasury note closed down 7/32 with the yield rising to 4.57 percent, up from 4.54 percent on Monday. The five-year Treasury note closed down 2/32 with the yield climbing to 4.52 percent, up from 4.51 percent on Monday. The two-year Treasury note closed up 1/32 with the yield dropping to 4.60 percent down from 4.61 percent on Monday. At 4 p.m. EST, average mortgage rates (zero discount points) based on rates collected nationwide were: The 30-year conventional fixed-rate mortgage was at 6 percent, down from 6.003 percent on Monday. The 15-year conventional fixed-rate mortgage was at 5.585 percent, down from 5.577 percent on Monday.

Mortgage rates are expected to continue around today's levels.

mortgage rates remain high

2/3/2006

Prices climbed and yields, which lenders use as a guide to set mortgage rates, stepped back down. Although yields closed lower than they were Thursday, mortgage rates are holding at the highest levels since early December.

At 4 p.m. EST, average mortgage rates (zero discount points) based on rates collected nationwide were:

The 30-year conventional fixed-rate mortgage was at 6.01 percent, up from 6 percent on Thursday.

The 15-year conventional fixed-rate mortgage was at 5.587 percent, up from 5.568 percent on Thursday.

The decline in Treasury yields will not likely influence mortgage lenders to lower rates, but it will probably keep them moving within their present range.