Industry News

Overnight real estate rates move higher

30-year fixed rate up at 5.36%; 10-year Treasury up at 4.27%
Published on Aug 18, 2005

Long-term mortgage interest rates began to rise Wednesday, and the benchmark 10-year Treasury bond yield gained to 4.27 percent. The 30-year fixed-rate average rose to 5.36 percent, and the 15-year fixed-rate edged up to 4.97 percent. The 1-year adjustable was down at 3.82 percent. The 30-year Treasury bond yield climbed to 4.48 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 rose 37.26 points, or 0.35 percent, finishing at 10,550.71. The Nasdaq gained 8.09 points, or 0.38 percent, closing at 2,145.15. 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 opinion@inman.com....

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