Mortgage rates inch down
2/17/06
Prices were up and yields, which move in the opposite direction of prices, were down. The pullback in yields allowed mortgage lenders to ease rates down on many products.
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 6.009 percent, down from 6.036 percent on Thursday.
The 15-year conventional fixed-rate mortgage was at 5.593 percent, down from 5.633 percent on Thursday.
Over the weekend, and into Monday, it is possible that lenders could edge some mortgage rates down due to the slight decline in Treasury yields on Friday.
The next daily mortgage update will appear on Tuesday due to the Presidents Day market closures.
Prices were up and yields, which move in the opposite direction of prices, were down. The pullback in yields allowed mortgage lenders to ease rates down on many products.
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 6.009 percent, down from 6.036 percent on Thursday.
The 15-year conventional fixed-rate mortgage was at 5.593 percent, down from 5.633 percent on Thursday.
Over the weekend, and into Monday, it is possible that lenders could edge some mortgage rates down due to the slight decline in Treasury yields on Friday.
The next daily mortgage update will appear on Tuesday due to the Presidents Day market closures.
