Mortgage Rates Ramp Up by Scott Davis
Bond prices actually went up on Friday while yet again stocks were mixed. According to Bank Rate Monitor, the average 30-year and 15-year fixed rate mortgage climbed to 8.08% and 7.67%. The one-year adjustable rate rose to 6.57%. Treasury bonds bounced back a little on Friday, with the yield on the benchmark 30-year issue dropping to 6.71%. Existing home sales for December should be released Tuesday with a slight decline expected. The Nasdaq composite surged to a record high Friday, closing up 45.89 points to 4,235.40. The Dow Jones Industrial Average shed 99.59 points to 11,251.71. Selected Stocks - Closing Prices Friday, January 21 | Company | Ticker | Price | Change | HomeStore.com
| HOMS
| 82 15/16
| + 4 1/2
| HomeSeekers.com
| HMSK
| 18 3/4
| + 1/8
| Cendant
| CD
| 20 3/4
| - 1 7/8
| Homeservices.com
| HMSV
| 13 5/16
| - 3/16
| Realco, Inc.
| RLCO
| 2
| - 1/4
| Kennedy-Wilson
| KWIC
| 7 5/8
| - 1/8
| E-Loan
| EELN
| 14 9/16
| - 3/16
| Countrywide
| CCR
| 24 15/16
| - 1
| Vista Info
| VINF
| 4 7/16
| + 1/8
| Champion Enterprises
| CHB
| 8 1/8
| unch.
| Centex Corp.
| CTX
| 22 15/16
| - 3/16
| Pulte Corp.
| PHM
| 18 3/8
| + 1/4
|
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