Real estate rates scattered overnight
30-year fixed rate at 5.57%; 10-year Treasury yield at 3.62%
By Inman News, Tuesday, February 12, 2008.Movement in long-term mortgage interest rates was mixed again Monday, and the benchmark 10-year Treasury bond yield dropped to 3.62 percent.
The 30-year fixed-rate average rose to 5.57 percent, and the 15-year fixed rate dipped to 5.02 percent. The 1-year adjustable rate sank to 5.04 percent.
The 30-year Treasury bond yield was down at 4.4 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 57.88 points, or 0.48 percent, finishing at 12,240.01 The Nasdaq rose 15.21 points, or 0.66 percent, closing at 2,320.06.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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