Industry News

Overnight real estate rates down

30-year fixed rate at 6.36%; 10-year Treasury yield at 5.13%
Published on Jul 11, 2006

Long-term mortgage interest rates were lower Monday, and the benchmark 10-year Treasury bond yield held at 5.13 percent. The 30-year fixed-rate average dropped to 6.36 percent, and the 15-year fixed-rate slipped to 6.06 percent. The 1-year adjustable was up at 5.51 percent. The 30-year Treasury bond yield stayed at 5.17 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 rose 12.88 points, or 0.12 percent, finishing at 11,103.55. The Nasdaq fell 13.13 points, or 0.62 percent, closing at 2,116.93. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....

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