Mortgage Rates Barely Ease
11/11 2005
Rates on key mortgage products appeared to have eased slightly on Friday during a holiday-thinned session when the U.S. government bond market and federal offices were shut for Veterans Day.
At 1 p.m. EST on Friday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.103 percent versus 6.123 percent late on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.648 percent compared with 5.675 percent late on Thursday.
Over the weekend and after Friday's government holiday, mortgage rates likely will stay stable as lenders wait to see whether Treasuries can build on Thursday's price rally.
Rates on key mortgage products appeared to have eased slightly on Friday during a holiday-thinned session when the U.S. government bond market and federal offices were shut for Veterans Day.
At 1 p.m. EST on Friday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.103 percent versus 6.123 percent late on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.648 percent compared with 5.675 percent late on Thursday.
Over the weekend and after Friday's government holiday, mortgage rates likely will stay stable as lenders wait to see whether Treasuries can build on Thursday's price rally.
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