Real estate rates up overnight

30-year fixed rate at 5.47%; 10-year Treasury yield at 3.56%
Monday, January 28, 2008

Long-term mortgage interest rates rose again Friday, and the benchmark 10-year Treasury bond yield sank to 3.56 percent.

The 30-year fixed-rate average climbed to 5.47 percent, and the 15-year fixed rate jumped to 4.98 percent. The 1-year adjustable rate, however, dropped to 5.09 percent.

The 30-year Treasury bond yield was down at 4.27 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 171.44 points, or 1.38 percent, finishing at 12,207.17. The Nasdaq tumbled 34.72 points, or 1.47 percent, closing at 2,326.2.

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

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