Uptick in overnight real estate rates
30-year fixed rate at 6.23%; 10-year Treasury yield at 4.85%
By Inman News, Thursday, August 9, 2007.Long-term mortgage interest rates were up slightly Wednesday, and the benchmark 10-year Treasury bond yield rose to 4.85 percent.
The 30-year fixed-rate average inched up to 6.23 percent, and the 15-year fixed rate gained to 5.91 percent. The 1-year adjustable climbed to 5.62 percent.
The 30-year Treasury bond yield was up at 5.04 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 jumped 153.56 points, or 1.14 percent, finishing at 13,657.86. The Nasdaq was up 51.38 points, or 2.01 percent, closing at 2,612.98.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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