Mortgage rates firm
3/1/2006
Mortgage rates, which generally move with the yield on the 10-year note, remain steadfast, as they have for the past several days.
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 5.973 percent, up from 5.969 percent on Tuesday.
The 15-year conventional fixed-rate mortgage at 5.585 percent, down from 5.591 percent on Tuesday.
Treasury yields moved back up again on Wednesday, but they appear to be moving in a narrow - albeit higher -- range. This should allow mortgage lenders to keep rates fairly steady.
Mortgage rates, which generally move with the yield on the 10-year note, remain steadfast, as they have for the past several days.
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 5.973 percent, up from 5.969 percent on Tuesday.
The 15-year conventional fixed-rate mortgage at 5.585 percent, down from 5.591 percent on Tuesday.
Treasury yields moved back up again on Wednesday, but they appear to be moving in a narrow - albeit higher -- range. This should allow mortgage lenders to keep rates fairly steady.
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