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
Published: June 20, 2000
Use of this article without permission is a violation of federal copyright laws.
