Industry News

Mortgage rates stand pat

30-year fixed down at 5.95%; 10-year Treasury up at 4.77%
Published on Jun 7, 2004

Long-term mortgage interest rates were mostly flat Friday, and the benchmark 10-year Treasury bond yield climbed to 4.77 percent. The 30-year fixed-rate average slipped to 5.95 percent, and the 15-year fixed-rate decreased slightly to 5.32 percent. The 1-year adjustable was unchanged at 3.45 percent. The 30-year Treasury bond yield increased to 5.46 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 46.91 points, or 0.46 percent, finishing at 10,242.82. The Nasdaq was up 18.36 points, or 0.94 percent, closing at 1,978.62. 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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