Wednesday, February 23, 2005

Overnight real estate rates jump

30-year up to 5.25%; 10-year Treasury up at 4.29%

Long-term mortgage interest rates increased Tuesday, and the benchmark 10-year Treasury bond yield rose to 4.29 percent.

The 30-year fixed-rate average gained to 5.25 percent, and the 15-year fixed-rate climbed to 4.81 percent. The 1-year adjustable was up at 3.68 percent.

The 30-year Treasury bond yield increased to 4.69 percent.

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

Mortgage rate figures are according to, 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 down 174.02 points, or 1.61 percent, finishing at 10,611.2. The Nasdaq was down 28.3 points, or 1.37 percent, closing at 2,030.32.

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

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1 comment:

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