Industry News

Overnight real estate rates lower still

30-year fixed rate at 5.94%; 10-year Treasury yield at 4.41%
Published on Oct 23, 2007

Long-term mortgage interest rates declined again Monday, and the benchmark 10-year Treasury bond yield rose to 4.41 percent. The 30-year fixed-rate average dropped to 5.94 percent, and the 15-year fixed rate sank to 5.56 percent. The 1-year adjustable dipped to 5.7 percent. The 30-year Treasury bond yield stayed at 4.69 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 gained 44.95 points, or 0.33 percent, finishing at 13,566.97. The Nasdaq climbed 28.77 points, or 1.06 percent, closing at 2,753.93. Stock figures are current as of 7:30 p.m. Eastern Standard Time....

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