Overnight mortgage interest rates hold steady
30-year fixed down slightly at 5.25%; 10-year Treasury down at 3.98%
By Inman News, Monday, March 1, 2004.Inman News®
Long-term mortgage interest rates were virtually unchanged Friday, and the benchmark 10-year Treasury bond yield slid to 3.98 percent.
The 30-year fixed-rate average inched lower to 5.25 percent, and the 15-year fixed-rate remained at 4.54 percent. The 1-year adjustable rose to 3.18 percent.
The 30-year Treasury bond yield decreased to 4.85 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 3.78 points, or 0.04 percent, finishing at 10,583.92. The Nasdaq was down 2.75 points, or 0.14 percent, closing at 2,029.82.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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