Industry NewsMarkets & Economy

Nightly real estate rates inch up

30-year fixed rate at 5.78%; 10-year Treasury yield at 3.87%
Published on May 6, 2008

Long-term mortgage interest rates increased again Monday, and the benchmark 10-year Treasury bond yield rose to 3.87 percent. The 30-year fixed-rate average climbed to 5.78 percent, and the 15-year fixed rate edged up to 5.36 percent. Meanwhile, the 1-year adjustable rate rose to 5.91 percent. The 30-year Treasury bond yield rose to 4.6 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 88.66 points, or 0.68 percent, finishing at 12,969.54. The Nasdaq dipped 12.87 points, or 0.52 percent, closing at 2,464.12. 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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