Overnight real estate rates stall
30-year fixed rate at 5.77%; 10-year Treasury yield at 4.62%
By Inman News, Monday, April 30, 2007.Long-term mortgage interest rates were flat Monday, and the benchmark 10-year Treasury bond yield fell to 4.62 percent.
The 30-year fixed-rate average held at 5.77 percent, and the 15-year fixed rate stayed at 5.5 percent. The 1-year adjustable inched up to 5.6 percent.
The 30-year Treasury bond yield dropped to 4.81 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.
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