Overnight real estate rates rise again
30-year fixed rate at 5.96%; 10-year Treasury yield at 4.37%
By Inman News, Wednesday, November 7, 2007.Long-term mortgage interest rates continued higher Tuesday, and the benchmark 10-year Treasury bond yield rose to 4.37 percent.
The 30-year fixed-rate average inched up to 5.96 percent, and the 15-year fixed rate gained to 5.57 percent. The 1-year adjustable, however, slipped to 5.63 percent.
The 30-year Treasury bond yield gained 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 climbed 117.54 points, or 0.87 percent, finishing at 13,660.94. The Nasdaq jumped 30 points, or 1.07 percent, closing at 2,825.18.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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