Mortgage rates stay put
2/27/06
Earlier Treasury gains turned to losses, sending yields, which move in the opposite direction of prices, up slightly. The moves, however, did not influence mortgage lenders to change rates in any measurable way.
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 5.978 percent, down from 5.996 percent on Friday.
The 15-year conventional fixed-rate mortgage at 5.588 percent, down from 5.597 percent on Friday.
Relative steadiness in Treasury yields should allow mortgage lenders to leave rates unchanged overnight and into Tuesday.
Earlier Treasury gains turned to losses, sending yields, which move in the opposite direction of prices, up slightly. The moves, however, did not influence mortgage lenders to change rates in any measurable way.
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 5.978 percent, down from 5.996 percent on Friday.
The 15-year conventional fixed-rate mortgage at 5.588 percent, down from 5.597 percent on Friday.
Relative steadiness in Treasury yields should allow mortgage lenders to leave rates unchanged overnight and into Tuesday.
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