Wednesday, January 19, 2005

Mortgage rates fall tuesday

Tue Jan 18, 2005 05:16 PM ET
NEW YORK, Jan 18 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points fell 1/8 of a percentage point on Tuesday to 5-3/4 percent, according to BestInfo Inc.
The 30-year mortgage rate with one upfront point fell 1/8 of a percentage point to 5-1/2 percent.

The 30-year mortgage rate with two upfront points fell 1/8 pf a percentage point to 5-1/4 percent.

The Mortgage Point Monitor is provided exclusively to Reuters by BestInfo. The company, formerly BestRates Inc., is a Dover, Vermont-based provider of mortgage market analysis.