Mortgage Rates Resist Decline
Rates on key mortgage products proved resistant to the Treasury price rally and returned to elevated levels posted earlier in the week.
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 6.123 percent versus 6.105 percent on Wednesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.675 percent from 5.643 percent on Wednesday.
The pause in bond market trading on Friday for a long weekend might give lenders enough leeway to begin to adjust rates on key products downward after Thursday's Treasury rally had little immediate impact on mortgage rates.
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 6.123 percent versus 6.105 percent on Wednesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.675 percent from 5.643 percent on Wednesday.
The pause in bond market trading on Friday for a long weekend might give lenders enough leeway to begin to adjust rates on key products downward after Thursday's Treasury rally had little immediate impact on mortgage rates.
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