Mortgage Rates Lag
11/9/2005
The rise in Treasury yields, however, sparked little immediate response in key mortgage products, which instead nosed slightly downward as products adjusted after Tuesday's slippage in Treasury yields.
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 6.105 percent versus 6.125 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.643 percent against 5.671 percent on Tuesday.
In light of the renewed rise in Treasury yields on Wednesday, lenders might see room to adjust rates upward overnight on key mortgage products.
The rise in Treasury yields, however, sparked little immediate response in key mortgage products, which instead nosed slightly downward as products adjusted after Tuesday's slippage in Treasury yields.
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 6.105 percent versus 6.125 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.643 percent against 5.671 percent on Tuesday.
In light of the renewed rise in Treasury yields on Wednesday, lenders might see room to adjust rates upward overnight on key mortgage products.
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