Realty Times February 29, 2000

Mortgage Rates Continue Down
by Scott Davis

Bond yields edged up on Monday while blue chip stocks recovered somewhat from last weeks losses.

According to Bank Rate Monitor, the average 30-year and 15-year fixed rate mortgage fell to 8.05% and 7.64% respectively. The one-year adjustable rate dropped to 6.65% and the 30-year jumbo rate declined to 8.35%.

A slew of upcoming economic indicators and new corporate bond issues pushed bond prices down on Monday. The yield on the benchmark 30-year Treasury bond edged up to 6.19%.

The Dow Jones Industrial Average zipped back over the 10,000 mark, jumping 176.53 points to 10,038.65. The Nasdaq composite on the other hand lost 12.65 points to 4,577.85.

Selected Stocks - Closing Prices Monday, February 28

Company Ticker Price Change
HomeStore.com
 		HOMS
 		72 1/8
 		- 4 1/4
HomeSeekers.com
 		HMSK
 		16 3/8
 		- 1 1/8
Cendant
 		CD
 		16 3/4
 		- 1/4
Homeservices.com
 		HMSV
 		13 5/8
 		unch.
Realco, Inc.
 		RLCO
 		1 31/32
 		unch.
Kennedy-Wilson
 		KWIC
 		6 1/8
 		- 7/8
E-Loan
 		EELN
 		8 7/8
 		+ 11/16
LendingTree
 		TREE
 		11 15/16
 		- 1/16
Countrywide
 		CCR
 		25 1/4
 		+ 13/16
Vista Info
 		VINF
 		4 13/16
 		- 3/16
Internet Pictures Corp.
 		IPIX
 		33 1/8
 		- 7/8
Champion Enterprises
 		CHB
 		6 7/8
 		- 1/16
Centex Corp.
 		CTX
 		19 1/2
 		+ 1/16
Pulte Corp.
 		PHM
 		16 3/8
 		+ 3/16

For more interest rate news, check out the Realty Times Interest Rate Watch


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