Mortgage Rates Holding
10/28
The highest yields in months have forced mortgage lenders, who use yields as a guide to set rates, to raise them accordingly.
At 2:30 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.968 percent from 5.975 percent at Thursday's close.
The 15-year Conventional Fixed-Rate Mortgage was at 5.51 percent from 5.547 percent at Thursday's close.
After this week's sizable yield increases, coupled with the market's focus on more economic data and another Federal Reserve interest rate decision this coming week, lenders might be able to leave rates on key products fairly stable over the weekend.
The highest yields in months have forced mortgage lenders, who use yields as a guide to set rates, to raise them accordingly.
At 2:30 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.968 percent from 5.975 percent at Thursday's close.
The 15-year Conventional Fixed-Rate Mortgage was at 5.51 percent from 5.547 percent at Thursday's close.
After this week's sizable yield increases, coupled with the market's focus on more economic data and another Federal Reserve interest rate decision this coming week, lenders might be able to leave rates on key products fairly stable over the weekend.
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