Real Estate Articles from Inman News
Overnight real estate rates still rising
30-year fixed rate at 5.76%; 10-year Treasury yield at 3.81%
Friday, February 15, 2008
Inman News
Long-term mortgage interest rates rose again Thursday, and the benchmark 10-year Treasury bond yield increased to 3.81 percent.
The 30-year fixed-rate average climbed to 5.76 percent, and the 15-year fixed rate gained to 5.2 percent. The 1-year adjustable rate, however, dipped to 5.01 percent.
The 30-year Treasury bond yield was higher at 4.64 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 fell 175.26 points, or 1.4 percent, finishing at 12,376.98. The Nasdaq was down 41.39 points, or 1.74 percent, closing at 2,332.54.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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