Real estate rates up overnight
30-year fixed rate at 6.26%; 10-year Treasury yield at 4.76%
By Inman News, Tuesday, August 14, 2007.Long-term mortgage interest rates gained Monday, and the benchmark 10-year Treasury bond yield fell to 4.76 percent.
The 30-year fixed-rate average edged up to 6.26 percent, and the 15-year fixed rate rose to 5.93 percent. The 1-year adjustable, however, dipped to 5.63 percent.
The 30-year Treasury bond yield was down at 5 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 lost 3.01 points, or 0.02 percent, finishing at 13,236.53. The Nasdaq was down 2.65 points, or 0.1 percent, closing at 2,542.24.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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