Overnight mortgage rates continue slide
30-year fixed down at 5.07%; 10-year Treasury down at 3.7%
By Inman News, Friday, March 12, 2004.Inman News®
Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield slipped to 3.7 percent.
The 30-year fixed-rate average slipped to 5.07 percent, and the 15-year fixed-rate dropped to 4.37 percent. The 1-year adjustable rose to 3.04 percent.
The 30-year Treasury bond yield remained at 4.67 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 168.51 points, or 1.64 percent, finishing at 10,128.38. The Nasdaq was down 20.26 points, or 1.03 percent, closing at 1,943.89.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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