Mortgage rates rebound
1/11/2006
Higher yields yesterday and today forced mortgage lenders, who base their rates on yields, to push them up to levels not seen in a week.
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 5.952 percent from 5.927 percent on Tuesday. The 15-year conventional fixed-rate mortgage was at 5.485 percent versus 5.47 percent on Tuesday.
With Treasury yields climbing even higher today, it is certain that lenders will keep mortgage rates near present levels, and they may even increase them on select products.
Higher yields yesterday and today forced mortgage lenders, who base their rates on yields, to push them up to levels not seen in a week.
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 5.952 percent from 5.927 percent on Tuesday. The 15-year conventional fixed-rate mortgage was at 5.485 percent versus 5.47 percent on Tuesday.
With Treasury yields climbing even higher today, it is certain that lenders will keep mortgage rates near present levels, and they may even increase them on select products.
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