Tuesday, July 13, 2004
Inman News

Long-term mortgage interest rates were lower Monday, and the benchmark 10-year Treasury bond yield fell to 4.44 percent.

The 30-year fixed-rate average slipped slightly to 5.66 percent, and the 15-year fixed-rate fell to 5.08 percent. The 1-year adjustable was unchanged at 3.35 percent.

The 30-year Treasury bond yield slipped to to 5.2 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 points, or 0.24 percent, finishing at 10,238.22. The Nasdaq was down 9.41 points, or 0.48 percent, closing at 1,936.92.

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

Mortgage Rates News, Mortgage News, Financial News