Wednesday, August 09, 2006

Mortgage Rates unchanged 8/8

The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Tuesday at 6-5/8 percent, according to BestInfo Inc.

If the mortgage market on Wednesday continues in its current direction, rate may decline.

The 30-year mortgage rate with one upfront point was unchanged at 6-3/8 percent.

The 30-year mortgage rate with two upfront points was unchanged at 6-1/8 percent.