Industry NewsMarkets & Economy

Real estate rates drop overnight

30-year fixed rate at 5.76%; 10-year Treasury yield at 3.58%
Published on Apr 4, 2008

Long-term mortgage interest rates dipped Thursday, and the benchmark 10-year Treasury bond yield decreased to 3.58 percent.The 30-year fixed-rate average sank to 5.76 percent, and the 15-year fixed rate fell to 5.32 percent. The 1-year adjustable rate stayed at 5.7 percent.The 30-year Treasury bond yield was down at 4.38 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 20.2 points, or 0.16 percent, finishing at 12,626.03. The Nasdaq rose 1.9 points, or 0.08 percent, closing at 2,363.3.Stock figures are current as of 7:30 p.m. Eastern Standard Time.*** What's your opinion? Leave your comments below or send a letter to the editor....

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