Mortgage Rates Unchanged
10/31/2005
The dip in yields, which lenders use as a guide to set mortgage rates, had no effect on rates. They remain at the highest levels since June 2004.
At 2:00 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.971 percent from 5.968 percent late on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.537 percent from 5.51 percent late on Friday.
Given the always-jittery nature of the markets before the Fed announcement, mortgage lenders might keep rates firm overnight heading into Tuesday's rate news.
Happy Halloween!!
The dip in yields, which lenders use as a guide to set mortgage rates, had no effect on rates. They remain at the highest levels since June 2004.
At 2:00 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.971 percent from 5.968 percent late on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.537 percent from 5.51 percent late on Friday.
Given the always-jittery nature of the markets before the Fed announcement, mortgage lenders might keep rates firm overnight heading into Tuesday's rate news.
Happy Halloween!!
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