Monday, September 26, 2005

Interest Rates are Moving Up

Long-term mortgage interest rates started higher Friday, and the benchmark 10-year Treasury bond yield gained to 4.18 percent.

The 30-year fixed-rate average rose to 5.34 percent, and the 15-year fixed-rate grew to 4.9 percent. The 1-year adjustable was up at 3.95 percent.

The 30-year Treasury bond yield remained at 4.46 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to, 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 rose 44.02 points, or 0.42 percent, finishing at 10,422.05. The Nasdaq gained 4.14 points, or 0.2 percent, closing at 2,110.78.

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

From Inman News

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