U.S. mortgage rates rose on Monday - BestInfo

NEW YORK, April 7 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 of a percentage point on Monday to 5-7/8 percent, according to BestInfo Inc.

If the mortgage market on Tuesday continues in its current direction, rates may remain the same.

The 30-year mortgage rate with one upfront point rose 1/8 of a percentage point to 5-5/8 percent.

The 30-year mortgage rate with two upfront points rose 1/8 of a percentage point to 5-3/8 percent.

The Mortgage Point Monitor is provided exclusively to Reuters by BestInfo, Inc., a Dover, Vermont-based provider of mortgage market analysis. (Reporting by Julie Haviv; Editing by Diane Craft)