Industry News

Overnight real estate rates rise

30-year fixed rate at 6.4%; 10-year Treasury yield at 5.22%
Published on Jul 6, 2006

Long-term mortgage interest rates were up Wednesday, and the benchmark 10-year Treasury bond yield rose to 5.22 percent. The 30-year fixed-rate average climbed to 6.4 percent, and the 15-year fixed-rate gained to 6.1 percent. The 1-year adjustable was down at 5.42 percent. The 30-year Treasury bond yield increased to 5.27 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 76.6 points, or 0.68 percent, finishing at 11,151.42. The Nasdaq dropped 36.71 points, or 1.68 percent, closing at 2,153.73. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....

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