Mortgage Rates Head Down by Scott Davis
Mortgage rates continued their retreat on Monday while stock and bond prices were mixed. According to Bank Rate Monitor, the 30-year fixed rate mortgage average dropped to 7.86%, down a quarter point in less than two weeks. The 15-year fixed rate and one-year adjustable rate fell to 7.54% and 6.63% respectively. The 30-year jumbo rate edged down to 8.23%. Treasury yields moved mostly lower, with the benchmark 10-year note falling to a 5-month low of 5.79% and the 30-year bond ticking down to 5.68%. Stock market volatility and the divergence of blue chips and tech stocks continued as the Dow Jones Industrial Average managed a 75.08 point gain while the Nasdaq composite tumbled 258.25 points to 4,188.20. Selected Stocks - Closing Prices Monday, April 10 | Company | Ticker | Price | Change | HomeStore.com
| HOMS
| 33 7/8
| - 4 3/4
| HomeSeekers.com
| HMSK
| 11 1/8 | - 2 7/16
| Cendant
| CD
| 18 1/2
| + 11/16
| Homeservices.com
| HMSV
| 8 3/4
| + 11/16
| Realco, Inc.
| RLCO
| 3 1/16
| - 1/8
| Kennedy-Wilson
| KWIC
| 5 5/16
| - 1/16
| E-Loan
| EELN
| 6 31/32
| - 5/32
| LendingTree
| TREE
| 12 1/8
| - 1/2
| Countrywide
| CCR
| 28 1/4
| + 1/4
| Vista Info
| VINF
| 3 1/8
| - 7/16
| Internet Pictures Corp.
| IPIX
| 28 7/8
| + 3 5/16
| Champion Enterprises
| CHB
| 6 3/8
| + 1/16
| Centex Corp.
| CTX
| 24 1/2
| + 1/16
| Pulte Corp.
| PHM
| 21 1/4
| - 1/4
|
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