Nightly real estate rates barely budge
Long-term mortgage interest rates were flat to slightly lower Friday, and the benchmark 10-year Treasury bond yield inched up to 3.63 percent.
The 30-year fixed-rate average dipped to 5.42 percent, and the 15-year fixed rate stayed at 4.93 percent. The 1-year adjustable rate held at 5.3 percent.
The 30-year Treasury bond yield rose to 4.28 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 59.91 points, or 0.49 percent, finishing at 12,099.3. The Nasdaq lost 6.88 points, or 0.29 percent, closing at 2,340.02.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
Copyright 2008 Inman News
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