Tuesday, October 18, 2005

Mortgage Rates Hold Firm

10/17/2005

Rates lenders charge on many key mortgage products barely ticked higher or stayed perched near Friday's 15-month peak.

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

The 30-year Conventional Fixed-Rate Mortgage rose to 5.866 percent from 5.855 percent at Friday's close.

The 15-year Conventional Fixed-Rate Mortgage ticked up to 5.463 percent from 5.462 percent at Friday's close.

After recent rises in key mortgage rates, lenders might take a breather overnight and leave rates stable as they wait for the market to assess price pressures on producers Tuesday morning.