Industry News

Mortgage rates dip

30-year down at 5.68%; 10-year Treasury down at 4.45%
Published on Aug 3, 2004

Long-term mortgage interest rates were lower Monday, and the benchmark 10-year Treasury bond yield sank to 4.45 percent. The 30-year fixed-rate average dipped to 5.68 percent, and the 15-year fixed-rate fell to 5.1 percent. The 1-year adjustable was up at 3.35 percent. The 30-year Treasury bond yield dipped to 5.19 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 39.45 points, or 0.39 percent, finishing at 10,179.16. The Nasdaq was up 4.73 points, or 0.25 percent, closing at 1,892.09. 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 newsroom@inman.com....

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