Overnight real estate rates dip again
30-year fixed rate at 5.76%; 10-year Treasury yield at 4.67%
By Inman News, Friday, April 20, 2007.Long-term mortgage interest rates sank further Thursday, and the benchmark 10-year Treasury bond yield gained to 4.67 percent.
The 30-year fixed-rate average fell to 5.76 percent, and the 15-year fixed rate was down at 5.5 percent. The 1-year adjustable dipped to 5.36 percent.
The 30-year Treasury bond yield increased to 4.83 percent.
Rates and bonds 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 rose 4.79 points, or 0.04 percent, finishing at 12,808.63. The Nasdaq was down 5.15 points, or 0.21 percent, closing at 2,505.35.
Stock 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.