Overnight interest rates, benchmark bond trend lower
30-year fixed down at 5.29%; 10-year Treasury down at 3.99%
By Inman News, Thursday, January 15, 2004.Inman News®
Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield fell to 3.99 percent.
The 30-year fixed-rate average sank to 5.29 percent, and the 15-year fixed-rate dropped to 4.65 percent. The 1-year adjustable was unchanged at 3.26 percent.
The 30-year Treasury bond yield decreased to 4.89 percent.
Rates 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 was up 111.19 points, or 1.07 percent, finishing at 10,538.37. The Nasdaq was up 14.69 points, or 0.7 percent, closing at 2,111.13.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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