Industry News

Overnight real estate rates gain ground

30-year fixed rate at 5.78%; 10-year Treasury yield at 4.56%
Published on Feb 2, 2006

Long-term mortgage interest rates were back up Wednesday, and the benchmark 10-year Treasury bond yield climbed to 4.56 percent. The 30-year fixed-rate average edged up to 5.78 percent, and the 15-year fixed-rate inched up to 5.36 percent. The 1-year adjustable was unchanged at 4.52 percent. The 30-year Treasury bond yield increased to 4.71 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 gained 89.09 points, or 0.82 percent, finishing at 10,953.95. The Nasdaq rose 4.74 points, or 0.21 percent, closing at 2,310.56. 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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