mortgage rates
mortgage rates...
The benchmark 30-year fixed-rate mortgage fell 1 basis point to 6.33 percent, according to the Ba national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.30 discount and origination points. One year ago, the mortgage index was 5.75 percent, and four weeks ago it was 6.32 percent.
The benchmark 15-year fixed-rate mortgage fell 1 basis point, to 5.91 percent. The benchmark 5-year adjustable-rate mortgage rose 2 basis points, to 5.9 percent. There wasn't much news to move bond yields in the past few days, and that meant steady mortgage rates.
Better-than-expected news about housing starts added some helium to the mortgage rate balloon, but a smaller-than-expected increase in core inflation tethered it firmly to the ground....
The benchmark 30-year fixed-rate mortgage fell 1 basis point to 6.33 percent, according to the Ba national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.30 discount and origination points. One year ago, the mortgage index was 5.75 percent, and four weeks ago it was 6.32 percent.
The benchmark 15-year fixed-rate mortgage fell 1 basis point, to 5.91 percent. The benchmark 5-year adjustable-rate mortgage rose 2 basis points, to 5.9 percent. There wasn't much news to move bond yields in the past few days, and that meant steady mortgage rates.
Better-than-expected news about housing starts added some helium to the mortgage rate balloon, but a smaller-than-expected increase in core inflation tethered it firmly to the ground....
posted by Mark at 3:00 AM
0 comments
