Industry News

Uptick in overnight real estate rates

30-year fixed rate at 5.8%; 10-year Treasury yield at 4.78%
Published on Feb 12, 2007

Long-term mortgage interest rates moved higher Friday, and the benchmark 10-year Treasury bond yield climbed to 4.78 percent. The 30-year fixed-rate average rose to 5.8 percent, and the 15-year fixed rate inched up to 5.58 percent. The 1-year adjustable held at 5.38 percent. The 30-year Treasury bond yield increased to 4.86 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 56.8 points, or 0.45 percent, finishing at 12,580.83. The Nasdaq was down 28.85 points, or 1.16 percent, closing at 2,459.82. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. ...

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