Realty Times May 26, 2000

Mortgage Rates Tick Down
by Scott Davis

Mortgage rates finally took a break from a solid month of daily increases and actually fell a little this week.

According to Bank Rate Monitor's daily survey of lending institutions, the average 30-year and 15-year fixed mortgage rates dropped to 8.34% and 8.03% respectively on Thursday. The one-year adjustable rate edged up to 6.11% while the 30-year jumbo fell to 8.64%.

A late stock market sell-off fed a rally in Treasury bond prices on Thursday, sending the yield on the benchmark 10-year note down to 6.40%, a drop of 7 basis points (0.07%) from Wednesday. The 30-year Treasury bond yield dipped to 6.11%.

The late afternoon decline in stocks left the Dow Jones Industrial Average off 211.43 points to 10,323.93, while the Nasdaq composite dropped 65.26 points to 3,205.35.

Selected Stocks - Closing Prices Thursday, May 25

Company Ticker Price Change
HomeStore.com
 		HOMS
 		22
 		- 2 1/16
HomeSeekers.com
 		HMSK
 		2 23/32 - 3/32
Cendant
 		CD
 		13 9/16
 		+ 1/16
Homeservices.com
 		HMSV
 		9 3/8
 		- 1/16
Realco, Inc.
 		RLCO
 		2 1/8
 		- 1/4
Kennedy-Wilson
 		KWIC
 		4 7/8
 		+ 1/8
E-Loan
 		EELN
 		3 15/16
 		- 1/16
LendingTree
 		TREE
 		5 1/8
 		+ 3/16
Countrywide
 		CCR
 		31 3/16
 		- 9/16
Vista Info
 		VINF
 		2 1/16
 		+ 1/16
Internet Pictures Corp.
 		IPIX
 		10 1/16
 		- 1
Champion Enterprises
 		CHB
 		5 13/16
 		+ 1/16
Centex Corp.
 		CTX
 		22 3/16
 		- 1/16
Pulte Corp.
 		PHM
 		21 9/16
 		- 1/8

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


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