Mortgage Rates FIRM
12/5/2005
Prices of Treasuries fell today and their yields, which move in the opposite direction of prices, made significant steps upward. Today's increase, however, has not been reflected in mortgage rates, which are slightly up from Friday's levels.
At 4 p.m. EST on Friday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.077 percent from 6.094 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.643 percent from 5.639 percent on Friday.
Although Treasury yields climbed on Monday and mortgage lenders might be inclined to edge rates up, it is unlikely that the increases would be strong enough to push rates to the next level.
Prices of Treasuries fell today and their yields, which move in the opposite direction of prices, made significant steps upward. Today's increase, however, has not been reflected in mortgage rates, which are slightly up from Friday's levels.
At 4 p.m. EST on Friday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.077 percent from 6.094 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.643 percent from 5.639 percent on Friday.
Although Treasury yields climbed on Monday and mortgage lenders might be inclined to edge rates up, it is unlikely that the increases would be strong enough to push rates to the next level.
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