Treasuries Rally
11/15/2005
Yields, which lenders use as a guide to set mortgage rates, did tick down, the move was not substantial enough to affect rates in any meaningful way.
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 6.118 percent versus 6.128 percent on Monday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.660 percent compared with 5.676 percent on Monday.
If the CPI is tame Treasuries could extend today's rally and send yields even lower. But signs of inflation could push them back up. Unless there is strong movement one way or another, mortgage rates are likely to hold near present levels.
Yields, which lenders use as a guide to set mortgage rates, did tick down, the move was not substantial enough to affect rates in any meaningful way.
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 6.118 percent versus 6.128 percent on Monday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.660 percent compared with 5.676 percent on Monday.
If the CPI is tame Treasuries could extend today's rally and send yields even lower. But signs of inflation could push them back up. Unless there is strong movement one way or another, mortgage rates are likely to hold near present levels.
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