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January 7th, 2008 by Tyler | 210 views |
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30-year fixed rate at 5.57%; 10-year Treasury yield at 3.87%
Long-term mortgage interest rates were down again Friday, and the benchmark 10-year Treasury bond yield dipped to 3.87 percent.
The 30-year fixed-rate average sank to 5.57 percent, and the 15-year fixed rate slid to 5.11 percent. The 1-year adjustable rate was down at 5.38 percent.
The 30-year Treasury bond yield edged up to 4.38 percent.
Rates and bonds are current as of 7:15 pm (EST).
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.
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This entry was posted on Monday, January 7th, 2008 at 4:25 pm and is filed under Interest Rates, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
