Thursday, August 26, 2004

Mortgage rates nudge higher

30-year up at 5.47%; 10-year Treasury steady at 4.28%

Long-term mortgage interest rates were slightly higher Tuesday, and the benchmark 10-year Treasury bond yield held at 4.28 percent.

The 30-year fixed-rate average increased to 5.47 percent, and the 15-year fixed-rate held at 4.86 percent. The 1-year adjustable was up at 3.26 percent.

The 30-year Treasury bond yield remained at 5.07 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 25.58 points, or 0.25 percent, finishing at 10,098.63. The Nasdaq was down 1.81 points, or 0.1 percent, closing at 1,836.89.

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

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