Mortgage rates stay lower
1/17/06
Yields, which move in the opposite direction of prices, fell. The decline in yields, which lenders use as a guide to set mortgage rates, allowed them to remain near recent low 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 at 5.89 percent, from 5.909 percent on Friday.
The 15-year conventional fixed-rate mortgage at 5.431 percent versus 5.448 percent, on Friday.
Overnight and into Wednesday, however, mortgage rates should remain at lower levels due to the decline in yields during Wednesday's session.
Yields, which move in the opposite direction of prices, fell. The decline in yields, which lenders use as a guide to set mortgage rates, allowed them to remain near recent low 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 at 5.89 percent, from 5.909 percent on Friday.
The 15-year conventional fixed-rate mortgage at 5.431 percent versus 5.448 percent, on Friday.
Overnight and into Wednesday, however, mortgage rates should remain at lower levels due to the decline in yields during Wednesday's session.
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