Mortgage Rates Continue Down by Scott Davis
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
|
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