Treasuries Down, Mortgage Rates Up - Daily Mortgage
10/25/2005
Two straight days of increases in yields have put upward pressure on mortgage rates - fixed as well as adjustable.
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 5.865 percent from 5.853 percent at Monday's close.
The 15-year Conventional Fixed-Rate Mortgage was at 5.454 percent from 5.444 percent at Monday's close.
The huge increase in bond yields over the past two sessions is already being felt in the housing market. Mortgage rates are beginning to edge up and will likely move higher to keep pace with yields.
Two straight days of increases in yields have put upward pressure on mortgage rates - fixed as well as adjustable.
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 5.865 percent from 5.853 percent at Monday's close.
The 15-year Conventional Fixed-Rate Mortgage was at 5.454 percent from 5.444 percent at Monday's close.
The huge increase in bond yields over the past two sessions is already being felt in the housing market. Mortgage rates are beginning to edge up and will likely move higher to keep pace with yields.
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