Mortgage Rates Move Higher
12/2/2005
Although yields closed unchanged when it was all over, they rose during the previous three sessions, putting upward pressure on mortgage rates. As a result, rates have edged up on most mortgage products.
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 6.094 percent from 6.031 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.639 percent from 5.598 percent on Thursday.
Given the lack of movement in Treasury rates on Friday, mortgage lenders might see little reason to move rates on key products much over the weekend.
Although yields closed unchanged when it was all over, they rose during the previous three sessions, putting upward pressure on mortgage rates. As a result, rates have edged up on most mortgage products.
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 6.094 percent from 6.031 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.639 percent from 5.598 percent on Thursday.
Given the lack of movement in Treasury rates on Friday, mortgage lenders might see little reason to move rates on key products much over the weekend.
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