Stocks staged an impressive comeback on Monday after last Friday's meltdown, while Treasury bond prices reversed just as strongly to the downside.
According to Bank Rate Monitor, the 30-year and 15-year fixed rate mortgage averages fell to 7.86% and 7.54% respectively. The one-year adjustable rate ticked up to 6.68%, while the 30-year jumbo dropped to 8.21%.
Treasury bond prices tanked on Monday in a reversal of Friday's flight-to-quality rally as stocks rebounded. The yield on the benchmark 10-year Treasury note jumped 18 basis points (0.18%) to 6.03%, while the 30-year Treasury yield climbed 15 basis points to 5.93%
A late rally propelled stock market averages to hefty gains on Monday. The Nasdaq composite leaped a record 217.87 points following Friday's record 355.51 point decline. The Dow Jones Industrial Average staged a smaller recovery, gaining 276.74 points back from Friday's 617 point debacle.
Selected Stocks - Closing Prices Monday, April 17
| Company |
Ticker |
Price |
Change |
HomeStore.com
|
HOMS
|
20 7/16
|
- 1/16
|
HomeSeekers.com
|
HMSK
|
5 5/8
|
unch.
|
Cendant
|
CD
|
15 13/16
|
- 1/16
|
Homeservices.com
|
HMSV
|
8 1/2
|
+ 11=/8
|
Realco, Inc.
|
RLCO
|
2 5/8
|
- 1/4
|
Kennedy-Wilson
|
KWIC
|
4 3/4
|
- 1/8
|
E-Loan
|
EELN
|
3 1/4
|
- 1 1/8
|
LendingTree
|
TREE
|
5 1/4
|
- 1 5/8
|
Countrywide
|
CCR
|
27 7/8
|
- 1/4
|
Vista Info
|
VINF
|
2 9/16
|
- 7/16
|
Internet Pictures Corp.
|
IPIX
|
17 1/16
|
- 2
|
Champion Enterprises
|
CHB
|
6 1/16
|
- 1/16
|
Centex Corp.
|
CTX
|
23 9/16
|
+ 1/4
|
Pulte Corp.
|
PHM
|
21 3/4
|
+ 3/8
|
For more interest rate news, check out the Realty Times Interest Rate Watch
Published: April 18, 2000
Use of this article without permission is a violation of federal copyright laws.
