Mortgage Rates Hold
12/9/2005
Thursday's rally-inspired drop in yields was short-lived, so the effect on mortgage rates was minimal. Lenders have held rates within a narrow range for the past two weeks.
At 4 p.m. EST on Thursday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.033 percent from 6.047 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.613 percent from 5.616 percent on Thursday.
Over the weekend and into Monday mortgage rates are likely to hold steady, or even creep up a tad, after the surge in Treasury yields on Friday.
Thursday's rally-inspired drop in yields was short-lived, so the effect on mortgage rates was minimal. Lenders have held rates within a narrow range for the past two weeks.
At 4 p.m. EST on Thursday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.033 percent from 6.047 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.613 percent from 5.616 percent on Thursday.
Over the weekend and into Monday mortgage rates are likely to hold steady, or even creep up a tad, after the surge in Treasury yields on Friday.
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