Industry News

Another rise in overnight real estate rates

30-year fixed rate at 5.91%; 10-year Treasury yield at 4.35%
Published on Nov 2, 2007

Long-term mortgage interest rates were up again Thursday, and the benchmark 10-year Treasury bond yield dropped to 4.35 percent. The 30-year fixed-rate average gained to 5.91 percent, and the 15-year fixed rate edged up to 5.54 percent. The 1-year adjustable stayed at 5.65 percent. The 30-year Treasury bond yield fell to 4.63 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 plummeted 362.14 points, or 2.6 percent, finishing at 13,567.87. The Nasdaq lost 64.29 points, or 2.25 percent, closing at 2,794.83. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...

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