Interest rates are down
30-year fixed rate at 5.6%; 10-year Treasury yield at 3.86%
Tuesday, December 04, 2007
Inman News
Long-term mortgage interest rates continued their decline Monday, and the benchmark 10-year Treasury bond yield edged down to 3.86 percent.
The 30-year fixed-rate average fell to 5.6 percent, and the 15-year fixed rate dipped to 5.18 percent. The 1-year adjustable slipped to 5.45 percent.
The 30-year Treasury bond yield was down at 4.32 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.
