Mortgage rates dip
1/18/2006
Due to the sharp declines in yields over the previous three sessions, however, mortgage rates, which move in sync with yields, have continued to edge down.
In a separate report, the Mortgage Bankers Association said applications to refinance swelled again for the week ended Jan. 13. Refis rose 9.9 percent for the second consecutive week. Purchase applications reversed course, however, falling 3 percent.
At 4 p.m. EST, average mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year conventional fixed-rate mortgage was at 5.858 percent, from 5.89 percent on Tuesday.
The 15-year conventional fixed-rate mortgage was at 5.421 percent versus 5.431 percent, on Tuesday.
Treasury yields closed flat on Wednesday, which should leave mortgage rates holding close to present levels.
Due to the sharp declines in yields over the previous three sessions, however, mortgage rates, which move in sync with yields, have continued to edge down.
In a separate report, the Mortgage Bankers Association said applications to refinance swelled again for the week ended Jan. 13. Refis rose 9.9 percent for the second consecutive week. Purchase applications reversed course, however, falling 3 percent.
At 4 p.m. EST, average mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year conventional fixed-rate mortgage was at 5.858 percent, from 5.89 percent on Tuesday.
The 15-year conventional fixed-rate mortgage was at 5.421 percent versus 5.431 percent, on Tuesday.
Treasury yields closed flat on Wednesday, which should leave mortgage rates holding close to present levels.
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