Industry News

Overnight interest rates hold steady

30-year fixed at 5.96%; 10-year Treasury down at 4.69%
Published on Jun 18, 2004

Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield fell to 4.69 percent. The 30-year fixed-rate average dipped to 5.96 percent, and the 15-year fixed-rate remained at 5.36 percent. The 1-year adjustable was unchanged at 3.53 percent. The 30-year Treasury bond yield dropped to 5.36 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 2.06 points, or 0.02 percent, finishing at 10,377.52. The Nasdaq was down 14.56 points, or 0.73 percent, closing at 1,983.67. 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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