Interest Rates Slip

July 21, 2006

Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield dropped to 5.03 percent. The 30-year fixed-rate average dipped to 6.27 percent, and the 15-year fixed-rate dropped to 5.99 percent. The 1-year adjustable was down at 5.46 percent. The 30-year Treasury bond yield decreased to 5.08 percent. 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: