Industry News

Overnight real estate rates stall

30-year fixed rate at 5.85%; 10-year Treasury yield down at 4.54%
Published on Feb 20, 2006

Long-term mortgage interest rates were mostly unchanged Friday, and the benchmark 10-year Treasury bond yield dipped to 4.54 percent. The 30-year fixed-rate average slipped to 5.85 percent, and the 15-year fixed-rate held at 5.48 percent. The 1-year adjustable was up slightly at 4.61 percent. The 30-year Treasury bond yield dropped to 4.51 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 5.36 points, or 0.05 percent, finishing at 11,115.32. The Nasdaq fell 12.27 points, or 0.53 percent, closing at 2,282.36. 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 opinion@inman.com....

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