Mortgage Rates Remain Flat
12/21/2005
Today's slight rise in Treasury yields, which move in the opposite direction of prices, was not significant enough to force mortgage lenders to change their rates in any meaningful way.
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 6.002 percent from 6.006 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.585 percent versus 5.572 percent on Tuesday.
Given the very slight firming in Treasury yields and shorter-dated mortgages on Wednesday, lenders overnight might find little additional reason to move rates much on key mortgage products heading into Thursday's economic data.
Today's slight rise in Treasury yields, which move in the opposite direction of prices, was not significant enough to force mortgage lenders to change their rates in any meaningful way.
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 6.002 percent from 6.006 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.585 percent versus 5.572 percent on Tuesday.
Given the very slight firming in Treasury yields and shorter-dated mortgages on Wednesday, lenders overnight might find little additional reason to move rates much on key mortgage products heading into Thursday's economic data.
<< Home