Some Good News...Overnight real estate rates down again

30-year fixed rate at 6.22%; 10-year Treasury yield at 4.63%

Long-term mortgage interest rates dipped further Monday, and the benchmark 10-year Treasury bond yield fell to 4.63 percent.

The 30-year fixed-rate average fell to 6.22 percent, and the 15-year fixed rate sank to 5.87 percent. The 1-year adjustable dropped to 5.52 percent.

The 30-year Treasury bond yield decreased to 4.96 percent.

My 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 was up 42.27 points, or 0.32 percent, finishing at 13,121.35. The Nasdaq gained 3.56 points, or 0.14 percent, closing at 2,508.59.

Mark Thomason 408.850.3085 mark@thomasonteam.com

Your Saratoga & Sunnyvale Real Estate Professional