Overnight real estate rates dip
30-year fixed rate at 6.38%; 10-year Treasury yield at 5.14%
By Inman News, Monday, July 3, 2006.Long-term mortgage interest rates came down Friday, and the benchmark 10-year Treasury bond yield dropped to 5.14 percent.
The 30-year fixed-rate average sank to 6.38 percent, and the 15-year fixed-rate slipped to 6.07 percent. The 1-year adjustable was unchanged at 5.48 percent.
The 30-year Treasury bond yield decreased to 5.19 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 40.58 points, or 0.36 percent, finishing at 11,150.22. The Nasdaq dipped 2.29 points, or 0.11 percent, closing at 2,172.09.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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.