Monday, January 30, 2006

Mortgage rates flat

1/27/2006

Mortgage lenders, hold rates near previous levels.

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 5.945 percent, up from 5.943 percent on Thursday.

The 15-year conventional fixed-rate mortgage was at 5.499 percent versus 5.51 percent on Thursday.

With Treasury yields holding near previous levels, it is likely that over the weekend and into Monday mortgage lenders will be able leave their rates unchanged.