Thursday, March 16, 2006

Real Estate Rates Simmer Down

I'm watching rates... they may go up as the year goes on. But, there is still time to take advantage of historically low mortgage rates. This spring will allow buyers to bargain hard, but sellers take heart; nice properties are in demand and good rates will be had on your next place.

Thursday, March 16, 2006
Long-term mortgage interest rates continued lower Wednesday, and the benchmark 10-year Treasury bond yield gained to 4.73 percent.
The 30-year fixed-rate average dipped to 5.91 percent, and the 15-year fixed-rate sank to 5.59 percent. The 1-year adjustable was down at 4.88 percent.
The 30-year Treasury bond yield increased to 4.75 percent.
Rates are current as of 7:15 p.m. Eastern Standard Time.

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