Mortgage rates hold
3/28/2006
Although selling picked up after the Fed's announcement around 2:15 pm EST, and Treasury yields, which move in the opposite direction of prices, have risen, it is too early to see any effect on mortgage rates, which remain near yesterday's levels.
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 6.114 percent, down from 6.125 percent on Monday.
The 15-year conventional fixed-rate mortgage was at 5.706 percent, down from 5.739 percent on Monday.
Mortgage rates were largely unchanged on Tuesday, but it is likely that lenders will begin edging them up to keep pace with the increases in Treasury yields.
Although selling picked up after the Fed's announcement around 2:15 pm EST, and Treasury yields, which move in the opposite direction of prices, have risen, it is too early to see any effect on mortgage rates, which remain near yesterday's levels.
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 6.114 percent, down from 6.125 percent on Monday.
The 15-year conventional fixed-rate mortgage was at 5.706 percent, down from 5.739 percent on Monday.
Mortgage rates were largely unchanged on Tuesday, but it is likely that lenders will begin edging them up to keep pace with the increases in Treasury yields.
