Economy Hikes Mortgage Rates
Sunday, January 21, 2007
Long-term mortgage interest rates continued higher Thursday, and the benchmark 10-year Treasury bond yield fell to 4.74 percent.
The 30-year fixed-rate average inched up to 5.78 percent, and the 15-year fixed rate was up at 5.55 percent. The 1-year adjustable held at 5.38 percent.
The 30-year Treasury bond yield decreased to 4.84 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.
Brought to you by Randy Charlton of Century 21 Home Realtors.
