Mortgage rates remain level
3/20/2006
There was not sufficient movement in yields, however, to send mortgage rates, which are based on Treasury yields, down more than a few basis points.
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 6.1 percent, down from 6.112 percent on Friday.
The 15-year conventional fixed-rate mortgage at 5.71 percent, down from 5.717 percent on Friday.
Today's decline in Treasury yields could impact some mortgage rates - those on the cusp of moving lower. Those so affected could edge down. But it will take sustained buying in Treasuries to significantly lower mortgage rates.
There was not sufficient movement in yields, however, to send mortgage rates, which are based on Treasury yields, down more than a few basis points.
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 6.1 percent, down from 6.112 percent on Friday.
The 15-year conventional fixed-rate mortgage at 5.71 percent, down from 5.717 percent on Friday.
Today's decline in Treasury yields could impact some mortgage rates - those on the cusp of moving lower. Those so affected could edge down. But it will take sustained buying in Treasuries to significantly lower mortgage rates.
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