Real estate rates steady overnight
30-year fixed rate at 6.29%; 10-year Treasury yield at 4.91%
By Inman News, Wednesday, July 25, 2007.Long-term mortgage interest rates were unchanged Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.91 percent.
The 30-year fixed-rate average stayed at 6.29 percent, and the 15-year fixed rate froze at 5.97 percent. The 1-year adjustable dipped to 5.56 percent.
The 30-year Treasury bond yield was down at 5.03 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 tumbled 226.47 points, or 1.62 percent, finishing at 13,716.95. The Nasdaq plummeted 50.72 points, or 1.89 percent, closing at 2,639.86.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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