Overnight real estate rates trend lower
30-year fixed rate at 6.15%; 10-year Treasury yield at 4.98%
By Inman News, Wednesday, August 2, 2006.Long-term mortgage interest rates sank further Tuesday, and the benchmark 10-year Treasury bond yield held at 4.98 percent.
The 30-year fixed-rate average fell to 6.15 percent, and the 15-year fixed-rate dipped to 5.86 percent. The 1-year adjustable was up at 5.42 percent.
The 30-year Treasury bond yield decreased to 5.06 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 59.95 points, or 0.54 percent, finishing at 11,125.73. The Nasdaq was down 29.48 points, or 1.41 percent, closing at 2,061.99.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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