Industry News

Overnight real estate rates continue climb

30-year fixed rate increases to 5.8%; 10-year Treasury yield at 4.16%
Published on Dec 11, 2007

Long-term mortgage interest rates increased Monday, and the benchmark 10-year Treasury bond yield moved up to 4.16 percent. The 30-year fixed-rate average rose to 5.8 percent, and the 15-year fixed rate edged up to 5.38 percent. The 1-year adjustable rate increased to 5.54 percent. The 30-year Treasury bond yield was also up at 4.62 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 101.45 points, or 0.74 percent, finishing at 13,727.03. The Nasdaq gained 12.79 points, or 0.47 percent, closing at 2,718.95. Stock figures are current as of 7:30 p.m. Eastern Standard Time....

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