Industry News

Mixed movement for overnight real estate rates

30-year fixed rate at 5.63%; 10-year Treasury yield at 4.35%
Published on Jan 23, 2006

Long-term mortgage interest rates were scattered Friday, and the benchmark 10-year Treasury bond yield fell to 4.35 percent. The 30-year fixed-rate average dipped to 5.63 percent, and the 15-year fixed-rate edged up to 5.21 percent. The 1-year adjustable was unchanged at 4.52 percent. The 30-year Treasury bond yield decreased to 4.52 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 dropped 213.32 points, or 1.96 percent, finishing at 10,667.39. The Nasdaq lost 54.11 points, or 2.35 percent, closing at 2,247.7. 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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