Mortgage rates edge upward
1/24/2006
Mortgage rates were slightly lower overnight.
Prices of U.S. Treasury securities fell, This forced lenders who base mortgage rates on Treasury yields to start edging rates back up.
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 5.885 percent, down from 5.856 percent on Monday.
The 15-year conventional fixed-rate mortgage was at 5.436 percent versus 5.428 percent on Monday.
Overnight and into Wednesday mortgage rates might edge up to reflect Tuesday's increases in Treasury yields.
Mortgage rates were slightly lower overnight.
Prices of U.S. Treasury securities fell, This forced lenders who base mortgage rates on Treasury yields to start edging rates back up.
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 5.885 percent, down from 5.856 percent on Monday.
The 15-year conventional fixed-rate mortgage was at 5.436 percent versus 5.428 percent on Monday.
Overnight and into Wednesday mortgage rates might edge up to reflect Tuesday's increases in Treasury yields.
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