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
Published: February 29, 2000
Use of this article without permission is a violation of federal copyright laws.
