Real estate rates jump overnight
Long-term mortgage interest rates continued higher Wednesday, and the
benchmark 10-year Treasury bond yield sank to 3.89 percent.
The 30-year fixed-rate average rose to 6.01 percent, and the
15-year fixed rate increased to 5.51 percent. The 1-year adjustable rate, however, dipped to 4.98 percent.
The 30-year Treasury bond yield was lower at 4.61 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 gained 90.04 points, or 0.73 percent, finishing at 12,427.26.
The Nasdaq was up 20.9 points, or 0.91 percent, closing at 2,327.10.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
Copyright 2008 Inman News
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