Overnight real estate rates come down
30-year fixed rate down at 5.33%; 10-year Treasury down at 4.18%
By Inman News, Wednesday, August 24, 2005.Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield sank to 4.18 percent.
The 30-year fixed-rate average fell to 5.33 percent, and the 15-year fixed-rate slipped to 4.94 percent. The 1-year adjustable was down at 3.85 percent.
The 30-year Treasury bond yield decreased to 4.4 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 lost 50.31 points, or 0.48 percent, finishing at 10,519.58. The Nasdaq fell 4.16 points, or 0.19 percent, closing at 2,137.25.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
***
What's your opinion? Send your Letter to the Editor to opinion@inman.com.
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.