Real estate rates lower overnight

30-year fixed rate at 5.45%; 10-year Treasury yield at 3.58%
Tuesday, January 29, 2008

Long-term mortgage interest rates dipped Monday, and the benchmark 10-year Treasury bond yield inched up to 3.58 percent.

The 30-year fixed-rate average sank to 5.45 percent, and the 15-year fixed rate slipped to 4.94 percent. The 1-year adjustable rate, however, gained to 5.12 percent.

The 30-year Treasury bond yield was up at 4.28 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 climbed 176.72 points, or 1.45 percent, finishing at 12,383.89. The Nasdaq rose 23.71 points, or 1.02 percent, closing at 2,349.91.

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

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