Industry News

Nightly real estate rates in 4-day slide

30-year fixed rate at 5.56%; 10-year Treasury yield at 3.84%
Published on Jan 8, 2008

Long-term mortgage interest rates were down again Monday, and the benchmark 10-year Treasury bond yield dipped to 3.84 percent. The 30-year fixed-rate average sank to 5.56 percent, and the 15-year fixed rate slid to 5.08 percent. The 1-year adjustable rate was down at 5.32 percent. The 30-year Treasury bond yield slipped to 4.34 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 rose 27.31 points, or 0.21 percent, finishing at 12,827.49. The Nasdaq lost 5.19 points, or 0.21 percent, closing at 2,499.46. Stock figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to [email protected] ...

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