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Wednesday, August 23, 2006

Overnight real estate rates slip
30-year fixed rate at 5.97%; 10-year Treasury yield at 4.81%


Long-term mortgage interest rates were down Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.81 percent.

The 30-year fixed-rate average dipped to 5.97 percent, and the 15-year fixed-rate sank to 5.71 percent. The 1-year adjustable was up at 5.33 percent.

The 30-year Treasury bond yield decreased to 4.94 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 lost 5.21 points, or 0.05 percent, finishing at 11,339.84. The Nasdaq was up 2.27 points, or 0.11 percent, closing at 2,150.02.

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

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