Rate Hikes Ending?
1/3/2006
The late-session release of the Fed minutes had little effect on mortgage rates, which held 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 5.964 percent from 5.948 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.527 percent versus 5.539 percent on Friday.
If the markets continue to rally on the news that the Fed will be ending its rate-hike program sooner rather than later, Treasury yields could continue to edge down and some mortgage rates, which are based on these yields, might follow.
The late-session release of the Fed minutes had little effect on mortgage rates, which held 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 5.964 percent from 5.948 percent on Friday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.527 percent versus 5.539 percent on Friday.
If the markets continue to rally on the news that the Fed will be ending its rate-hike program sooner rather than later, Treasury yields could continue to edge down and some mortgage rates, which are based on these yields, might follow.
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