Mortgage Rates Steady
12/12/2005
Treasury prices fell slightly on Monday, sending yields, which move in the opposite direction of prices, up a couple of basis points. The increase, however, was not strong enough to influence mortgage lenders to change their 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 6.058 percent from 6.033 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.616 percent from 5.613 percent on Friday.
Overnight and into Tuesday mortgage rates should hold firm due to the relative steadiness in the markets today. However, the 30-year fixed-rate could creep up as it is at the brink of the next level. Rates on other products are more centered and likely to hold.
Treasury prices fell slightly on Monday, sending yields, which move in the opposite direction of prices, up a couple of basis points. The increase, however, was not strong enough to influence mortgage lenders to change their 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 6.058 percent from 6.033 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.616 percent from 5.613 percent on Friday.
Overnight and into Tuesday mortgage rates should hold firm due to the relative steadiness in the markets today. However, the 30-year fixed-rate could creep up as it is at the brink of the next level. Rates on other products are more centered and likely to hold.
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