Mortgage Rates Hold
11/18/2005
Treasuries gave back yesterday's gains plus a little extra. The effect on mortgage rates, however, was negligible, as lenders are holding them a tad below yesterday's levels.
At 4 p.m. EST on Monday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.038 percent versus 6.053 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.606 percent compared with 5.631 percent on Thursday.
Today's rebound in yields from Thursday's lows will likely influence mortgage lenders to hold rates near present levels over the weekend and into Monday.
Treasuries gave back yesterday's gains plus a little extra. The effect on mortgage rates, however, was negligible, as lenders are holding them a tad below yesterday's levels.
At 4 p.m. EST on Monday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.038 percent versus 6.053 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.606 percent compared with 5.631 percent on Thursday.
Today's rebound in yields from Thursday's lows will likely influence mortgage lenders to hold rates near present levels over the weekend and into Monday.
<< Home