Some Mortgage Rates Down
11/17/2005
Prices on Treasuries climbed and their yields, which move in the opposite direction of prices, edged down. In response, mortgage lenders who use yields as a guide to set rates were able to lower them on some products.
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 6.053 percent versus 6.099 percent on Wednesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.631 percent compared with 5.665 percent on Wednesday.
The calendar of economic reports is blank for Friday, which will leave the financial markets to rely on corporate news and events for guidance. If no major deterrents crop up buying could continue, although the pace may be slower. This would allow mortgage lenders to hold rates steady and even edge them down on some products.
Prices on Treasuries climbed and their yields, which move in the opposite direction of prices, edged down. In response, mortgage lenders who use yields as a guide to set rates were able to lower them on some products.
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 6.053 percent versus 6.099 percent on Wednesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.631 percent compared with 5.665 percent on Wednesday.
The calendar of economic reports is blank for Friday, which will leave the financial markets to rely on corporate news and events for guidance. If no major deterrents crop up buying could continue, although the pace may be slower. This would allow mortgage lenders to hold rates steady and even edge them down on some products.
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