Friday, April 22, 2005

Overnight real estate rates slide

30-year fixed rate at 5.34%; 10-year Treasury up at 4.3%
Long-term mortgage interest rates were lower on Thursday, and the benchmark 10-year Treasury bond yield jumped to 4.3 percent.
The 30-year fixed-rate average dipped to 5.34 percent, and the 15-year fixed-rate edged down to 4.95 percent. The 1-year adjustable was down at 3.71 percent.
The 30-year Treasury bond yield climbed to 4.64 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 gained 206.24 points, or 2.06 percent, finishing at 10,218.6. The Nasdaq rose 48.65 points, or 2.54 percent, closing at 1,962.41.