More gains in overnight real estate rates
30-year fixed rate at 5.77%; 10-year Treasury yield at 4.77%
By Inman News, Monday, January 15, 2007.Long-term mortgage interest rates pushed higher Friday, and the benchmark 10-year Treasury bond yield rose to 4.77 percent.
The 30-year fixed-rate average gained to 5.77 percent, and the 15-year fixed rate was up at 5.54 percent. The 1-year adjustable edged up to 5.36 percent.
The 30-year Treasury bond yield increased to 4.86 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 gained 41.1 points, or 0.33 percent, finishing at 12,556.08. The Nasdaq was up 17.97 points, or 0.72 percent, closing at 2,502.82.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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