Overnight mortgage rates hold steady
30-year fixed unchanged at 5.07%; 10-year Treasury up at 3.76%
By Inman News, Monday, March 15, 2004.Inman News®
Long-term mortgage interest rates were mostly flat Friday, and the benchmark 10-year Treasury bond yield inched higher to 3.76 percent.
The 30-year fixed-rate average remained at 5.07 percent, and the 15-year fixed-rate rose slightly to 4.39 percent. The 1-year adjustable sank to 2.93 percent.
The 30-year Treasury bond yield climbed to 4.71 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 down 111.7 points, or 1.1 percent, finishing at 10,240.08. The Nasdaq was down 40.84 points, or 2.1 percent, closing at 1,984.73.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.