Industry News

Real estate rates end night mixed

30-year fixed rate at 5.42%; 10-year Treasury yield at 3.74%
Published on Jan 17, 2008

Movement in long-term mortgage interest rates varied Wednesday, and the benchmark 10-year Treasury bond yield gained to 3.74 percent. The 30-year fixed-rate average stayed at 5.42 percent, and the 15-year fixed rate slipped to 4.93 percent. The 1-year adjustable rate was down at 5.24 percent. The 30-year Treasury bond yield rose 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 sank 34.95 points, or 0.28 percent, finishing at 12,466.16. The Nasdaq lost 23 points, or 0.95 percent, closing at 2,394.59. 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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