Mortgage Rates Firm
11/8/2005
Prices of U.S. Treasury securities increased again on Tuesday, and yields declined, but rates on many key mortgage products paid the Treasury move little immediate heed and stayed perched at elevated levels by day's end.
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 6.125 percent versus 6.095 percent on Monday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.671 percent against 5.661 percent on Monday.
After Tuesday's decline in Treasury yields, mortgage lenders might see leeway to begin adjusting rates slightly lower on key mortgage products heading into Wednesday.
Prices of U.S. Treasury securities increased again on Tuesday, and yields declined, but rates on many key mortgage products paid the Treasury move little immediate heed and stayed perched at elevated levels by day's end.
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 6.125 percent versus 6.095 percent on Monday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.671 percent against 5.661 percent on Monday.
After Tuesday's decline in Treasury yields, mortgage lenders might see leeway to begin adjusting rates slightly lower on key mortgage products heading into Wednesday.
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