Wednesday, April 26, 2006

US mortgage rates unchanged on Tuesday

NEW YORK, April 25 (Reuters) - The average rate on a
30-year U.S. mortgage with no upfront points was unchanged on
Tuesday at 6-3/4 percent, according to BestInfo Inc.
If the mortgage market on Wednesday continues in its
current direction, rates may rise.
The 30-year mortgage rate with one upfront point was
unchanged at 6-1/2 percent.
The 30-year mortgage rate with two upfront points was
unchanged at 6-1/4 percent.
The Mortgage Point Monitor is provided exclusively to
Reuters by BestInfo. The company, formerly BestRates Inc., is a
Dover, Vermont-based provider of mortgage market analysis.