Nightly real estate rates slide
30-year fixed rate at 5.74%; 10-year Treasury yield at 3.78%
By Inman News, Friday, May 9, 2008.Long-term mortgage interest rates sank Thursday, and the benchmark 10-year Treasury bond yield fell to 3.78 percent.
The 30-year fixed-rate average slipped to 5.74 percent, and the 15-year fixed rate fell to 5.33 percent. Meanwhile, the 1-year adjustable rate dipped to 5.92 percent.
The 30-year Treasury bond yield sank to 4.54 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
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