Mortgage rate averages and Treasury bond yields edged up on Thursday.
The 30 year fixed rate average rose to 6.86 percent, while the 15 year fixed rate was up to 6.54%. The 1 year ARM rate dropped to at 6.52%.
The price on the benchmark 30 year US Treasury bond retreated Thursday, sending the yield up to 5.72%.
Stocks surged once again on Wall Street, with the NASDAQ composite closing over 2000 for the first time and the Dow Jones industrials closing over 9300 for the first time as well.
Published: July 17, 1998
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