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U.S. mortgage rates rose on Wednesday - BestInfo

Wed Apr 23, 2008 5:05pm EDT

NEW YORK, April 23 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 of a percentage point on Wednesday to 6-1/8 percent, according to BestInfo Inc.

Bonds

If the mortgage market on Thursday 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 5-7/8 percent.

The 30-year mortgage rate with two upfront points rose 1/8 of a percentage point to 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; Editing by Jan Paschal)



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