Treasury Yields Slide
12/14/2005
The steep drop in Treasury yields finally spurred mortgage lenders to lower rates on some mortgage products as well.
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 6.015 percent versus 6.058 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.571 percent from 5.616 percent on Tuesday.
Given the further decline in Treasury yields on Tuesday, mortgage lenders may find a bit more downside room to adjust rates on major mortgage products overnight.
The steep drop in Treasury yields finally spurred mortgage lenders to lower rates on some mortgage products as well.
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 6.015 percent versus 6.058 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.571 percent from 5.616 percent on Tuesday.
Given the further decline in Treasury yields on Tuesday, mortgage lenders may find a bit more downside room to adjust rates on major mortgage products overnight.
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