By Inman News, Tuesday, May 23, 2006.
Long-term mortgage interest rates were lower Monday, and the benchmark 10-year Treasury bond yield fell to 5.04 percent.
The 30-year fixed-rate average slipped to 6.18 percent, and the 15-year fixed-rate dropped to 5.85 percent. The 1-year adjustable dipped to 5.28 percent.
The 30-year Treasury bond yield slid to 5.13 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. more...