Overnight mortgage rates increase
30-year up at 5.67%; 10-year Treasury up at 4.47%
By Inman News, Thursday, July 22, 2004.Inman News®
Long-term mortgage interest rates were higher Wednesday, and the benchmark 10-year Treasury bond yield climbed to 4.47 percent.
The 30-year fixed-rate average rose to 5.67 percent, and the 15-year fixed-rate gained to 5.09 percent. The 1-year adjustable was up at 3.4 percent.
The 30-year Treasury bond yield rose to 5.2 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 102.94 points, or 1.01 percent, finishing at 10,046.13. The Nasdaq was down 42.7 points, or 2.23 percent, closing at 1,874.37.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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