Mortgage Rates Steady
12/23/2005
Mortgage rates softened slightly early on Friday then edged back up to flat levels during a shortened pre-holiday session that saw Treasury yields fall again as prices staged another smart advance.
At Noon EST on Friday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.001 from 5.994 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.58 percent versus 5.587 percent on Thursday.
After Friday's Treasury yield slippage in very thin pre-holiday trading, mortgage lenders likely will keep rates steady to softer over the weekend, waiting to see whether the Treasury market gives back its price gains early in the new trading week.
Mortgage rates softened slightly early on Friday then edged back up to flat levels during a shortened pre-holiday session that saw Treasury yields fall again as prices staged another smart advance.
At Noon EST on Friday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 6.001 from 5.994 percent on Thursday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.58 percent versus 5.587 percent on Thursday.
After Friday's Treasury yield slippage in very thin pre-holiday trading, mortgage lenders likely will keep rates steady to softer over the weekend, waiting to see whether the Treasury market gives back its price gains early in the new trading week.
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