Stall in Real Estate Rates

Real Estate Articles from Inman News

--------------------------------------------------------------------------------

Story Tools
E-mail Story Printable Version
Comment on Story Reprint Rights


--------------------------------------------------------------------------------


Overnight real estate rates sleep
30-year fixed rate at 5.76%; 10-year Treasury yield at 4.62%
Wednesday, May 09, 2007

Inman News

Long-term mortgage interest rates were unchanged Tuesday, and the benchmark 10-year Treasury bond yield slipped to 4.62 percent.

The 30-year fixed-rate average held at 5.76 percent, and the 15-year fixed rate remained at 5.49 percent. The 1-year adjustable stayed at 5.61 percent.

The 30-year Treasury bond yield rose to 4.8 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 lost 3.9 points, or 0.03 percent, finishing at 13,309.07. The Nasdaq was up 0.8 points, or 0.03 percent, closing at 2,571.75.

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