Real estate rates in 5-night slide
30-year fixed rate at 5.92%; 10-year Treasury yield at 4.37%
By Inman News, Wednesday, September 12, 2007.Long-term mortgage interest rates dipped again Tuesday, and the benchmark 10-year Treasury bond yield rose to 4.37 percent.
The 30-year fixed-rate average dropped to 5.92 percent, and the 15-year fixed rate slipped to 5.58 percent. The 1-year adjustable stayed at 5.63 percent.
The 30-year Treasury bond yield was up at 4.65 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 180.54 points, or 1.38 percent, finishing at 13,308.39. The Nasdaq climbed 38.36 points, or 1.5 percent, closing at 2,597.47.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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