Industry NewsMarkets & Economy

Dramatic drop in overnight real estate rates

30-year fixed rate at 5.96%; 10-year Treasury yield at 3.47%
Published on Mar 13, 2008

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by CareyBot

Long-term mortgage interest rates fell Wednesday, and the benchmark 10-year Treasury bond yield sank to 3.47 percent. The 30-year fixed-rate average dropped to 5.96 percent, and the 15-year fixed rate plunged to 5.32 percent. The 1-year adjustable rate, however, climbed ...