Industry News

Overnight real estate rates steady

30-year fixed rate stays at 5.35%; 10-year Treasury holds at 4.24%
Published on Sep 21, 2005

Long-term mortgage interest rates flattened Tuesday, and the benchmark 10-year Treasury bond yield held at 4.24 percent. The 30-year fixed-rate average remained at 5.35 percent, and the 15-year fixed-rate edged up to 4.92 percent. The 1-year adjustable was unchanged at 3.93 percent. The 30-year Treasury bond yield dipped to 4.53 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 lost 76.11 points, or 0.72 percent, finishing at 10,481.52. The Nasdaq dropped 13.93 points, or 0.65 percent, closing at 2,131.33. 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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