Mortgage Rates Edge Off Slightly
Yields, which move in the opposite direction of prices, managed to edge off from recent peaks, allowing rates on key mortgage products to ease very slightly as well.
At 4:00 p.m. EST, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.095 percent versus 6.105 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.661 percent from 5.666 percent on Friday.
After Monday's slight easing in yields and rates, mortgage lenders overnight might see little reason to alter rates on most mortgage products, given the dearth of fresh market-moving data.
At 4:00 p.m. EST, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.095 percent versus 6.105 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.661 percent from 5.666 percent on Friday.
After Monday's slight easing in yields and rates, mortgage lenders overnight might see little reason to alter rates on most mortgage products, given the dearth of fresh market-moving data.
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