By Inman News, Friday, May 19, 2006.
Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield dropped to 5.06 percent.
The 30-year fixed-rate average slipped to 6.21 percent, and the 15-year fixed-rate dipped to 5.88 percent. The 1-year adjustable was down at 5.29 percent.
The 30-year Treasury bond yield fell to 5.17 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...