Industry News

Overnight real estate rates push lower

30-year fixed rate at 5.66%; 10-year Treasury yield at 4.36%
Published on Jan 6, 2006

Long-term mortgage interest rates continued to fall Thursday, and the benchmark 10-year Treasury bond yield rose to 4.36 percent. The 30-year fixed-rate average sank to 5.66 percent, and the 15-year fixed-rate was down at 5.23 percent. The 1-year adjustable dipped to 4.49 percent. The 30-year Treasury bond yield increased to 4.55 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 2 points, or 0.02 percent, finishing at 10,882.15. The Nasdaq rose 13.41 points, or 0.59 percent, closing at 2,276.87. 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]...

Comments