A Drop In The Bucket, But Still A Drop

22 03 2007

Long-term mortgage interest rates were down Wednesday, and the benchmark 10-year Treasury bond yield sank to 4.54 percent.

The 30-year fixed-rate average fell to 5.67 percent, and the 15-year fixed rate slipped to 5.42 percent. The 1-year adjustable held at 5.32 percent.

The 30-year Treasury bond yield inched up to 4.72 percent.

Rates 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.

Bankrate.com

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