Industry NewsMarkets & Economy

Real estate rates dip overnight

30-year fixed rate at 5.8%; 10-year Treasury yield at 3.82%
Published on Apr 30, 2008

Long-term mortgage interest rates declined Tuesday, and the benchmark 10-year Treasury bond yield decreased to 3.82 percent.The 30-year fixed-rate average sank to 5.8 percent, and the 15-year fixed rate fell to 5.39 percent. Meanwhile, the 1-year adjustable rate dipped to 5.77 percent.The 30-year Treasury bond yield slipped to 4.55 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 lost 39.81 points, or 0.31 percent, finishing at 12,871.75. The Nasdaq gained 1.7 points, or 0.07 percent, closing at 2,426.1.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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