Overnight real estate rates lower

30-year fixed rate at 5.79%; 10-year Treasury yield at 4.03%

Thursday, November 29, 2007

Inman News

Long-term mortgage interest rates dropped further Wednesday, and the benchmark 10-year Treasury bond yield rose to 4.03 percent.

The 30-year fixed-rate average sank to 5.79 percent, and the 15-year fixed rate fell to 5.35 percent. The 1-year adjustable stayed at 5.52 percent.

The 30-year Treasury bond yield was up at 4.43 percent.

Rates and bonds 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 jumped 331.01 points, or 2.55 percent, finishing at 13,289.45. The Nasdaq climbed 82.11 points, or 3.18 percent, closing at 2,662.91.

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