Industry News

Gains in overnight real estate rates

30-year fixed rate at 6.02%; 10-year Treasury yield at 4.7%
Published on Sep 21, 2007

Long-term mortgage interest rates picked up Thursday, and the benchmark 10-year Treasury bond yield climbed to 4.7 percent. The 30-year fixed-rate average rose to 6.02 percent, and the 15-year fixed rate grew to 5.66 percent. The 1-year adjustable, however, dipped to 5.71 percent. The 30-year Treasury bond yield was up at 4.97 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 lost 48.86 points, or 0.35 percent, finishing at 13,766.7. The Nasdaq was down 12.19 points, or 0.46 percent, closing at 2,654.29. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...

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