Thursday, September 02, 2004

Mortgage rates fall

30-year down at 5.4%; 10-year Treasury down at 4.12%

Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.12 percent. The 30-year fixed-rate average dropped to 5.4 percent, and the 15-year fixed-rate sank to 4.8 percent. The 1-year adjustable was down at 3.21 percent. The 30-year Treasury bond yield decreased to 4.93 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

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