Mortgage Rates Remain High
10/21/2005
U.S. Treasury securities ended their first winning week in a month on Friday, sending yields, which move in the opposite direction of prices, down. Mortgage rates, which are guided by yields, however, dipped early but closed right near Thursday's levels.
At 4 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.866 percent from 5.858 percent at Thursday's close.
The 15-year Conventional Fixed-Rate Mortgage was at 5.454 percent from 5.457 percent at Thursday's close.
The drop in Treasury yields on Friday could influence mortgage lenders to edge some rates down over the weekend and into Monday.
U.S. Treasury securities ended their first winning week in a month on Friday, sending yields, which move in the opposite direction of prices, down. Mortgage rates, which are guided by yields, however, dipped early but closed right near Thursday's levels.
At 4 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.866 percent from 5.858 percent at Thursday's close.
The 15-year Conventional Fixed-Rate Mortgage was at 5.454 percent from 5.457 percent at Thursday's close.
The drop in Treasury yields on Friday could influence mortgage lenders to edge some rates down over the weekend and into Monday.
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