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U.S. mortgage rates unchanged on Friday - BestInfo

Fri May 23, 2008 2:35pm EDT

NEW YORK, May 23 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Friday at 6-1/8 percent, according to BestInfo Inc.

Bonds

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

The 30-year mortgage rate with one upfront point was unchanged at 5-7/8 percent.

The 30-year mortgage rate with two upfront points was unchanged at 5-5/8 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)



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