Overnight real estate rates decline
30-year down at 5.19%; 10-year Treasury up at 4.14%

Wednesday, February 02, 2005


Inman News

Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield gained to 4.14 percent.

The 30-year fixed-rate average slipped to 5.19 percent, and the 15-year fixed-rate dipped to 4.73 percent. The 1-year adjustable was unchanged at 3.61 percent.

The 30-year Treasury bond yield remained at 4.59 percent.

Rates 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 was up 62 points, or 0.59 percent, finishing at 10,551.94. The Nasdaq was up 6.29 points, or 0.3 percent, closing at 2,068.7.

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

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Copyright 2005 Inman News


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