Industry News

Overnight real estate rates shoot higher

30-year fixed rate at 6.18%; 10-year Treasury yield at 5.14%
Published on May 4, 2006

Long-term mortgage interest rates were up again Wednesday, and the benchmark 10-year Treasury bond yield rose to 5.14 percent. The 30-year fixed-rate average gained to 6.18 percent, and the 15-year fixed-rate inched up to 5.83 percent. The 1-year adjustable was down at 5.24 percent. The 30-year Treasury bond yield increased to 5.23 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 16.17 points, or 0.14 percent, finishing at 11,400.28. The Nasdaq dropped 5.87 points, or 0.25 percent, closing at 2,303.97. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....

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