Industry News

Overnight real estate rates bumped higher

30-year fixed rate at 5.83%; 10-year Treasury yield at 4.72%
Published on Nov 6, 2006

Long-term mortgage interest rates rose considerably Friday, and the benchmark 10-year Treasury bond yield jumped to 4.72 percent. The 30-year fixed-rate average gained to 5.83 percent, and the 15-year fixed rate increased to 5.54 percent. The 1-year adjustable was up at 5.35 percent. The 30-year Treasury bond yield climbed to 4.81 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 32.5 points, or 0.27 percent, finishing at 11,986.04. The Nasdaq was down 3.23 points, or 0.14 percent, closing at 2,330.79. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....

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