Industry News

Overnight real estate rates climb

30-year fixed rate at 5.62%; 10-year Treasury yield at 4.47%
Published on Oct 19, 2005

Long-term mortgage interest rates climbed Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.47 percent. The 30-year fixed-rate average increased to 5.62 percent, and the 15-year fixed-rate edged up to 5.23 percent. The 1-year adjustable was up at 4.25 percent. The 30-year Treasury bond yield fell to 4.69 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 62.84 points, or .61 percent, finishing at 10,285.26. The Nasdaq lost 14.3 points, or 0.69 percent, closing at 2,056. 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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