Nightly real estate rates continue downtrend
30-year fixed rate at 5.8%; 10-year Treasury yield at 3.52%
By Inman News, Monday, March 3, 2008.Bookmarking Sites
Long-term mortgage interest rates fell again Friday, and the benchmark 10-year Treasury bond yield was down at 3.52 percent.
The 30-year fixed-rate average declined to 5.8 percent, and the 15-year fixed rate dropped to 5.16 percent. The 1-year adjustable rate dove to 4.59 percent.
The 30-year Treasury bond yield sank to 4.42 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 plunged 315.79 points, or 2.51 percent, finishing at 12,266.39. The Nasdaq tumbled 60.09 points, or 2.58 percent, closing at 2,271.48.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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Submitted by Anum Hafeez on August 27, 2008 - 1:50am.
just be careful of signing contracts if you are a buyer/seller, my brother almost lost $5000 reserving a house, the contract he signed had a clause that if he didn't show proof of insurance and a cashiers check with the down payment by a specific date and time the "reserving money" wouldn't be re funded, nice job of the Realtor for keeping it to the last minute. As long as you can use a lawyer you can trust and deal with the owner's lawyer you'll save even more than with geico :D.
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http://googlerealestate.blogspot.com/