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Overnight real estate rates hit flat spot

Overnight real estate rates hit flat spot

30-year fixed rate at 6.17%; 10-year Treasury yield at 4.64%Friday, August 24, 2007Inman News

Long-term mortgage interest rates were mostly unchanged Thursday, and the benchmark 10-year Treasury bond yield dipped to 4.64 percent.

The 30-year fixed-rate average held at 6.17 percent, and the 15-year fixed rate edged up to 5.79 percent.

The 1-year adjustable gained to 5.57 percent.

The 30-year Treasury bond yield was down to 4.94 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.

 


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Written by Rae Catanese, Realtor

Licensed Realtor since 2002, Tampa Bay’s own Rae Catanese regularly gives expert advice and insider tips about the Tampa Bay real estate market via her blog, The Tampa Real Estate Insider. If you are thinking of buying or selling a home in the Tampa, St. Petersburg or Clearwater areas-then this blog is for you. I typically post articles once a week. To make sure you don’t miss my newest posts, you can subscribe here! Have a real estate question? Email me here!

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