Thursday, December 01, 2005

Mortgage Rate Future

11/30/2005

The increase in today's Treasury yields paired with those of Tuesday has forced mortgage lenders to begin raising rates on some mortgage products.

At 4 p.m. EST on Wednesday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:

The 30-year Conventional Fixed-Rate Mortgage was at 6.014 percent versus 5.993 percent on Tuesday.

The 15-year Conventional Fixed-Rate Mortgage was at 5.586 percent from 5.561 on Tuesday.

Given the scant change in Treasury yields on Wednesday following an upward tilt in mortgage rates overnight, lenders might keep rates on many key home loan products little-changed into Thursday.