Mortgage Rates Unchanged
12/8/2005
Yields, which move in the opposite direction of prices, fell to their lowest levels in the last nine sessions, but the decline has not yet influenced mortgage lenders to alter rates, which remain at Wednesday's levels.
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 6.047 percent, unchanged from 6.047 percent on Wednesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.616 percent from 5.61 percent on Wednesday.
Focus will continue to rivet on the outcome of Tuesday's Federal Open Market Committee meeting. But given the day's decline in Treasury rates, lenders might see some room to adjust rates on key product toward the downside into Friday.
Yields, which move in the opposite direction of prices, fell to their lowest levels in the last nine sessions, but the decline has not yet influenced mortgage lenders to alter rates, which remain at Wednesday's levels.
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 6.047 percent, unchanged from 6.047 percent on Wednesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.616 percent from 5.61 percent on Wednesday.
Focus will continue to rivet on the outcome of Tuesday's Federal Open Market Committee meeting. But given the day's decline in Treasury rates, lenders might see some room to adjust rates on key product toward the downside into Friday.
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