Industry News

Big jump in overnight real estate rates

30-year fixed rate at 6.29%; 10-year Treasury yield at 5.11%
Published on Jun 11, 2007

Long-term mortgage interest rates shot higher Friday, and the benchmark 10-year Treasury bond yield sank to 5.11 percent. The 30-year fixed-rate average jumped to 6.29 percent, and the 15-year fixed rate rose to 5.99 percent. The 1-year adjustable stayed at 5.57 percent. The 30-year Treasury bond yield was down to 5.21 percent. Rates and bonds 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 climbed 157.66 points, or 1.19 percent, finishing at 13,424.39. The Nasdaq was up 32.16 points, or 1.27 percent, closing at 2,573.54. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...

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