Overnight real estate rates edge up

30-year fixed rate at 5.9%; 10-year Treasury yield at 4.38%

By Inman News, Tuesday, October 30, 2007.

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Long-term mortgage interest rates continued higher Monday, and the benchmark 10-year Treasury bond yield dropped to 4.38 percent.

The 30-year fixed-rate average gained to 5.9 percent, and the 15-year fixed rate inched up to 5.52 percent. The 1-year adjustable was up at 5.63 percent.

The 30-year Treasury bond yield dipped to 4.67 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 gained 63.56 points, or 0.46 percent, finishing at 13,870.26. The Nasdaq was up 13.25 points, or 0.47 percent, closing at 2,817.44.

Stock figures are current as of 7:30 p.m. Eastern Standard Time.

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