Mortgage rates hold
3/8/2006
Mild selling today seemed to reassure equity traders, and Treasury yields, which move in the opposite direction of prices, remained close to those of yesterday. This allowed mortgage rates to edge just a shade higher than those of Tuesday.
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 6.122 percent, up from 6.11 percent on Tuesday.
The 15-year conventional fixed-rate mortgage at 5.747 percent, up from 5.718 percent on Tuesday.
Due to the relative stability of Treasury yields today, there is little reason to believe that mortgage rates will move far from present levels overnight and into Thursday morning.
Mild selling today seemed to reassure equity traders, and Treasury yields, which move in the opposite direction of prices, remained close to those of yesterday. This allowed mortgage rates to edge just a shade higher than those of Tuesday.
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 6.122 percent, up from 6.11 percent on Tuesday.
The 15-year conventional fixed-rate mortgage at 5.747 percent, up from 5.718 percent on Tuesday.
Due to the relative stability of Treasury yields today, there is little reason to believe that mortgage rates will move far from present levels overnight and into Thursday morning.
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