mortgage rates remain high
2/3/2006
Prices climbed and yields, which lenders use as a guide to set mortgage rates, stepped back down. Although yields closed lower than they were Thursday, mortgage rates are holding at the highest levels since early December.
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 6.01 percent, up from 6 percent on Thursday.
The 15-year conventional fixed-rate mortgage was at 5.587 percent, up from 5.568 percent on Thursday.
The decline in Treasury yields will not likely influence mortgage lenders to lower rates, but it will probably keep them moving within their present range.
Prices climbed and yields, which lenders use as a guide to set mortgage rates, stepped back down. Although yields closed lower than they were Thursday, mortgage rates are holding at the highest levels since early December.
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 6.01 percent, up from 6 percent on Thursday.
The 15-year conventional fixed-rate mortgage was at 5.587 percent, up from 5.568 percent on Thursday.
The decline in Treasury yields will not likely influence mortgage lenders to lower rates, but it will probably keep them moving within their present range.
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