Overnight mortgage rates dip
30-year down at 5.49%; 10-year Treasury down at 4.25%
By Inman News, Friday, August 13, 2004.Inman News®
Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield sank to 4.25 percent.
The 30-year fixed-rate average sank to 5.49 percent, and the 15-year fixed-rate fell to 4.92 percent. The 1-year adjustable was unchanged at 3.26 percent.
The 30-year Treasury bond yield dipped to 5.04 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 123.73 points, or 1.24 percent, finishing at 9,814.59. The Nasdaq was down 29.93 points, or 1.68 percent, closing at 1,752.49.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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