Interest Rates Down

June 3, 2006

Long-term mortgage interest rates were down Friday, and the benchmark 10-year Treasury bond yield fell to 4.99 percent. The 30-year fixed-rate average dropped to 6.2 percent, and the 15-year fixed-rate sank to 5.87 percent. The 1-year adjustable was up slightly at 5.29 percent.
The 30-year Treasury bond yield sank to 5.1 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 12.41 points, or 0.11 percent, finishing at 11,247.87. The Nasdaq fell 0.46 points, or 0.02 percent, closing at 2,219.41. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. For the best mortgage rates contact Opal Corneau with Mortgage Associates of Sarasota at 809-0198.


One comment

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