Wednesday, October 10, 2007

Overnight real estate rates mostly flat

Real Estate Articles from Inman News

30-year fixed rate at 6.09%; 10-year Treasury yield at 4.65%
Wednesday, October 10, 2007

Inman News

Long-term mortgage interest rates barely moved Tuesday, and the benchmark 10-year Treasury bond yield rose to 4.65 percent.

The 30-year fixed-rate average held at 6.09 percent, and the 15-year fixed rate dipped to 5.71 percent. The 1-year adjustable dropped to 5.73 percent.

The 30-year Treasury bond yield was down at 4.86 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 jumped 120.8 points, or 0.86 percent, finishing at 14,164.53. The Nasdaq was up 16.54 points, or 0.59 percent, closing at 2,803.91.

Stock figures are current as of 7:30 p.m. Eastern Standard Time.

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