Mortgage rates steady
3/24/06
The yield on the benchmark 10-year note that lenders use as a guide to set mortgage rates approached its lowest level of the month. The decline in yields, however, has yet to affect mortgage rates, which remain near those of Thursday.
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 6.111 percent, down from 6.126 percent on Thursday.
The 15-year conventional fixed-rate mortgage was at 5.725 percent, down from 5.749 percent on Thursday.
Due to the substantial decline in Treasury yields on Friday, it is possible that mortgage rates on some products could edge down over the weekend and into Monday.
The yield on the benchmark 10-year note that lenders use as a guide to set mortgage rates approached its lowest level of the month. The decline in yields, however, has yet to affect mortgage rates, which remain near those of Thursday.
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 6.111 percent, down from 6.126 percent on Thursday.
The 15-year conventional fixed-rate mortgage was at 5.725 percent, down from 5.749 percent on Thursday.
Due to the substantial decline in Treasury yields on Friday, it is possible that mortgage rates on some products could edge down over the weekend and into Monday.
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