Mortgage Rates On The Way Down
12/27/2005
The sharp decline in yields, which hit their lowest levels since late September, supported mortgage rates, however. Lenders who use yields as a guide to set rates were able to begin edging them down on many products.
At 4 p.m. EST on Tuesday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.973 percent from 6.001 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.557 percent versus 5.58 percent on Friday.
Given the decline in Treasury yields on Tuesday, lenders could be influenced to keep on edging rates down.
The sharp decline in yields, which hit their lowest levels since late September, supported mortgage rates, however. Lenders who use yields as a guide to set rates were able to begin edging them down on many products.
At 4 p.m. EST on Tuesday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.973 percent from 6.001 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.557 percent versus 5.58 percent on Friday.
Given the decline in Treasury yields on Tuesday, lenders could be influenced to keep on edging rates down.
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