Nightly real estate rates barely budge
30-year fixed rate at 5.72%; 10-year Treasury yield at 3.51%
By Inman News, Wednesday, March 26, 2008.Long-term mortgage interest rates were flat Tuesday, and the benchmark 10-year Treasury bond yield sank to 3.51 percent.
The 30-year fixed-rate average dipped to 5.72 percent, and the 15-year fixed rate held at 5.22 percent. The 1-year adjustable rate slipped to 5.41 percent.
The 30-year Treasury bond yield was down to 4.3 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 lost 16.04 points, or 0.13 percent, finishing at 12,532.6. The Nasdaq was up 14.3 points, or 0.61 percent, closing at 2,341.05.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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