Tuesday, April 19, 2005

Overnight real estate rates fall further

30-year fixed rate at 5.37 percent; 10-year Treasury up at 4.28 percent
Long-term mortgage interest rates continued lower on Monday, and the benchmark 10-year Treasury bond yield rose to 4.28 percent.

The 30-year fixed-rate average dropped to 5.37 percent, and the 15-year fixed-rate sank to 4.96 percent. The 1-year adjustable was down at 3.68 percent.

The 30-year Treasury bond yield edged up to 4.61 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 dropped 16.26 points, or 0.16 percent, finishing at 10,071.25. The Nasdaq gained 4.77 points, or 0.25 percent, closing at 1,912.92.

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