Mortgage Rates Hold
12/16/2005
Yields move in the opposite direction of price. Although yields, which lenders use as a guide to set mortgage rates, moved down, the change was not strong enough to lower most rates.
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 5.987 percent versus 6.01 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.561 percent from 5.584 percent on Thursday.
The slight downturn in Treasury yields on Friday will probably have little impact on mortgage rates, but lower yields should keep rates close to present levels over the weekend and into Monday.
Yields move in the opposite direction of price. Although yields, which lenders use as a guide to set mortgage rates, moved down, the change was not strong enough to lower most rates.
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 5.987 percent versus 6.01 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.561 percent from 5.584 percent on Thursday.
The slight downturn in Treasury yields on Friday will probably have little impact on mortgage rates, but lower yields should keep rates close to present levels over the weekend and into Monday.
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