Industry News

Another drop in overnight real estate rates

30-year fixed rate at 5.74%; 10-year Treasury yield at 4.63%
Published on Feb 27, 2007

Long-term mortgage interest rates fell further Monday, and the benchmark 10-year Treasury bond yield sank to 4.63 percent. The 30-year fixed-rate average dipped to 5.74 percent, and the 15-year fixed rate was down at 5.5 percent. The 1-year adjustable slid to 5.36 percent. The 30-year Treasury bond yield decreased to 4.73 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 15.22 points, or 0.12 percent, finishing at 12,632.26. The Nasdaq was down 10.58 points, or 0.42 percent, closing at 2,504.52. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....

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