Mortgage rates unchanged on Thursday

NEW YORK, May 18 (Reuters) - The average rate on a 30-year
U.S. mortgage with no upfront points was unchanged on Thursday
at 6-7/8 percent, according to BestInfo Inc.
If the mortgage market on Friday continues in its current
direction, rates may decline.
The 30-year mortgage rate with one upfront point was
unchanged at 6-5/8 percent.
The 30-year mortgage rate with two upfront points was
unchanged at 6-3/8 percent.