Industry News

Little growth in overnight real estate rates

30-year fixed rate at 5.77%; 10-year Treasury yield at 4.76%
Published on Jan 23, 2007

Long-term mortgage interest rates were mixed again Monday, and the benchmark 10-year Treasury bond yield slipped to 4.76 percent. The 30-year fixed-rate average rose to 5.77 percent, and the 15-year fixed rate held at 5.55 percent. The 1-year adjustable was up at 5.37 percent. The 30-year Treasury bond yield decreased to 4.85 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 88.37 points, or 0.7 percent, finishing at 12,477.16. The Nasdaq was down 20.24 points, or 0.83 percent, closing at 2,431.07. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. ...

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