Realty Times June 20, 2000

Mortgage Rates Drop
by Scott Davis

Helped by falling bond yields and a cooling economy, mortgage rates continue their descent.

According to Bank Rate Monitor, the 30-year and 15-year fixed rate mortgage averages dropped to 7.87% and 7.62% respectively on Monday. The one-year adjustable rate fell to 7.21% while the 30-year jumbo slipped to 8.21%.

Bond yields ticked up on Monday after two weeks of declines. The yield on the benchmark 10-year Treasury notes edged up to 6.00%, while the 30-year Treasury bond yield stood at 5.88%.

Stocks rallied late, with the Dow Jones Industrial Average gaining 108.54 points to 10,557.84 and the Nasdaq jumping 129.27 points to 3,989.83.

Selected Stocks - Closing Prices Monday, June 19

Company Ticker Price Change
HomeStore.com
 		HOMS
 		29 1/2
 		- 1/2
HomeSeekers.com
 		HMSK
 		3 13/16 + 1/8
Cendant
 		CD
 		13 3/8
 		- 1/8
Homeservices.com
 		HMSV
 		11 5/8
 		+ 1/4
Realco, Inc.
 		RLCO
 		1 7/8
 		unch.
Kennedy-Wilson
 		KWIC
 		5 1/4
 		- 1/8
E-Loan
 		EELN
 		4 /2
 		- 27/64
LendingTree
 		TREE
 		7 1/4
 		+ 1/4
Countrywide
 		CCR
 		32 7/8
 		+ 9/256
Vista Info
 		VINF
 		2 7/16
 		- 3/16
Internet Pictures Corp.
 		IPIX
 		15 13/16
 		- 1
Champion Enterprises
 		CHB
 		5 3/8
 		- 1/8
Centex Corp.
 		CTX
 		23 1/8
 		- 1/16
Pulte Corp.
 		PHM
 		22 1/8
 		- 7/16

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


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