Uptick in overnight real estate rates
30-year fixed rate at 6.27%; 10-year Treasury yield at 4.66%
By Inman News, Friday, August 17, 2007.Long-term mortgage interest rates were up Thursday, and the benchmark 10-year Treasury bond yield fell to 4.66 percent.
The 30-year fixed-rate average gained to 6.27 percent, and the 15-year fixed rate grew to 5.93 percent. The 1-year adjustable, however, sank to 5.62 percent.
The 30-year Treasury bond yield dropped to 4.96 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 continued to fall, sinking 15.69 points, or 0.12 percent, finishing at 12,845.78. The Nasdaq lost 7.76 points, or 0.32 percent, closing at 2,451.07.
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.