Overnight real estate rates climb
30-year fixed rate at 6.24%; 10-year Treasury yield at 5.1%
By Inman News, Friday, June 16, 2006.Long-term mortgage interest rates were up Thursday, and the benchmark 10-year Treasury bond yield rose to 5.1 percent.
The 30-year fixed-rate average gained to 6.24 percent, and the 15-year fixed-rate increased to 5.93 percent. The 1-year adjustable was up at 5.26 percent.
The 30-year Treasury bond yield increased to 5.14 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 jumped 198.27 points, or 1.83 percent, finishing at 11,015.19. The Nasdaq rose 58.15 points, or 2.79 percent, closing at 2,144.15.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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