Mortgage rates drop
1/5/2006
At close, Treasuries were basically unchanged on the session and mortgage rates, which are based on Treasury yields, were able to hold at lower levels or even edge downward.
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 5.915 percent from 5.957 percent on Tuesday. The 15-year conventional fixed-rate mortgage was at 5.451 percent versus 5.519 percent on Tuesday.
With Treasury yields ending flat on Thursday's session, overnight and into tomorrow mortgage rates should remain close to present levels.
At close, Treasuries were basically unchanged on the session and mortgage rates, which are based on Treasury yields, were able to hold at lower levels or even edge downward.
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 5.915 percent from 5.957 percent on Tuesday. The 15-year conventional fixed-rate mortgage was at 5.451 percent versus 5.519 percent on Tuesday.
With Treasury yields ending flat on Thursday's session, overnight and into tomorrow mortgage rates should remain close to present levels.
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