Industry News

Overnight interest rates shoot higher

30-year fixed up at 5.92%; 10-year Treasury up at 4.6%
Published on May 7, 2004

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Long-term mortgage interest rates continued to rise Thursday, and the benchmark 10-year Treasury bond yield moved up to 4.6 percent. The 30-year fixed-rate average climbed to 5.92 percent, and the 15-year fixed-rate jumped to 5.25 percent. The 1-year adjustable was ...