Industry News

Overnight mortgage rates slip

30-year fixed down at 6.01%; 10-year Treasury down at 4.71%
Published on May 21, 2004

Long-term mortgage interest rates were slightly lower Thursday, and the benchmark 10-year Treasury bond yield slid to 4.71 percent. The 30-year fixed-rate average slipped to 6.01 percent, and the 15-year fixed-rate decreased to 5.37 percent. The 1-year adjustable was up at 3.49 percent. The 30-year Treasury bond yield decreased to 5.43 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 down 0.07 points, or 0 percent, finishing at 9,937.64. The Nasdaq was down 1.58 points, or 0.08 percent, closing at 1,896.59. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** Send tips or a letter to the editor to [email protected] or call (510) 658-9252, ext. 124....

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