Mortgage Rates Wobble
The two-day seesaw movement in Treasuries kept lenders from making big adjustments in rates on key mortgage products, which diverged slightly as rates in the longer end softened while rates for shorter maturities firmed.
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 6.036 percent versus 6.038 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.62 percent compared to 5.606 percent on Friday.
Given the paucity of fresh economic data during a short trading week, mortgage lenders might find little reason to change rates much overnight into Tuesday.
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 6.036 percent versus 6.038 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.62 percent compared to 5.606 percent on Friday.
Given the paucity of fresh economic data during a short trading week, mortgage lenders might find little reason to change rates much overnight into Tuesday.
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