Industry News

Mortgage interest rates climb

30-year fixed up at 5.44%; 10-year Treasury unchanged at 4.19%
Published on Jan 30, 2004

Long-term mortgage interest rates were higher Thursday, and the benchmark 10-year Treasury bond yield remained at 4.19 percent. The 30-year fixed-rate average jumped to 5.44 percent, and the 15-year fixed-rate climbed to 4.72 percent. The 1-year adjustable was up at 3.3 percent. The 30-year Treasury bond yield increased slightly to 5.01 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5. In other economic news, the Dow Jones Industrial Average was up 41.92 points, or 0.4 percent, finishing at 10,510.29. The Nasdaq was down 9.14 points, or 0.44 percent, closing at 2,068.23. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story...

Comments