In spite of falling long term Treasury yields, mortgage rates were up slightly on Thursday.
Instability overseas was credited with driving Treasury bond prices higher, dropping the yield on the benchmark 30 year Treasury issue to a record low 5.51%.
The 30 year and 15 year fixed rate mortgage averages both rose 0.01% to 6.82% and 6.52% respectively. The 1 year ARM rate remained at 5.61%.
Stock prices retreated again on Tuesday, with the Dow Jones Industrial Average falling nearly 82 points.
Published: August 21, 1998
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