Long-term mortgage interest rates fell again Friday, and the benchmark 10-year Treasury bond yield decreased to 3.47 percent.
The 30-year fixed-rate average sank to 5.65 percent, and the 15-year fixed rate dipped to 5.23 percent. The 1-year adjustable rate slipped to 5.68 percent.
The 30-year Treasury bond yield was down at 4.31 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 lost 16.61 points, or 0.13 percent, finishing at 12,609.42. The Nasdaq rose 7.68 points, or 0.32 percent, closing at 2,370.98.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
It is a great time to buy and allow us to help you find the right home.
Please call us @ 408 399 1495 or email me @ monica.manocha@cbnorcal.com
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