Industry News

Mortgage rates slip

30-year fixed down at 6%; 10-year Treasury down at 4.73%
Published on May 26, 2004

Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.73 percent. The 30-year fixed-rate average dipped to 6 percent, and the 15-year fixed-rate decreased to 5.37 percent. The 1-year adjustable was down at 3.46 percent. The 30-year Treasury bond yield declined to 5.41 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 159.19 points, or 1.6 percent, finishing at 10.117.62. The Nasdaq was up 41.67 points, or 2.17 percent, closing at 1,964.65. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to [email protected]...

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