Overnight mortgage rates steady
30-year stays at 5.7%; 10-year Treasury holds at 4.47%
By Inman News, Wednesday, July 7, 2004.Inman News®
Long-term mortgage interest rates were flat Wednesday, and the benchmark 10-year Treasury bond yield remained at 4.47 percent.
The 30-year fixed-rate average held at 5.7 percent, and the 15-year fixed-rate remained at 5.11 percent. The 1-year adjustable was unchanged at 3.34 percent.
The 30-year Treasury bond yield held at 5.22 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 20.95 points, or 0.21 percent, finishing at 10,240.29. The Nasdaq was up 2.65 points, or 0.13 percent, closing at 1,966.08.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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