Industry News

Overnight real estate rates stagnate

30-year fixed rate at 5.75%; 10-year Treasury yield at 4.68%
Published on Feb 21, 2007

Long-term mortgage interest rates were flat Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.68 percent. The 30-year fixed-rate average held at 5.75 percent, and the 15-year fixed rate remained at 5.52 percent. The 1-year adjustable dipped to 5.38 percent. The 30-year Treasury bond yield decreased to 4.78 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 gained 19.07 points, or 0.15 percent, finishing at 12,786.64. The Nasdaq was up 16.73 points, or 0.67 percent, closing at 2,513.04. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. ...

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