Mortgage Rates Remain Higher
10/18/2005
U.S. Treasury securities held steady on Tuesday despite the strongest gain in producer prices in 15 years.
As a result, mortgage rates, which are based on yields, held close to those of yesterday.
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 5.886 percent from 5.866 percent at Monday's close.
The 15-year Conventional Fixed-Rate Mortgage firmed to 5.486 percent from 5.463 percent at Monday's close.
Overnight, lenders likely will keep mortgage rates on key products fairly steady, seeing little impetus to push them much in either direction after Tuesday's session produced scant movement in Treasury yields.
U.S. Treasury securities held steady on Tuesday despite the strongest gain in producer prices in 15 years.
As a result, mortgage rates, which are based on yields, held close to those of yesterday.
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 5.886 percent from 5.866 percent at Monday's close.
The 15-year Conventional Fixed-Rate Mortgage firmed to 5.486 percent from 5.463 percent at Monday's close.
Overnight, lenders likely will keep mortgage rates on key products fairly steady, seeing little impetus to push them much in either direction after Tuesday's session produced scant movement in Treasury yields.
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