Mortgage Rates Resume Rise by Scott Davis
Treasury bond prices posted gains on Thursday while stocks were quite mixed. The Commerce department announced that November new home sales declined more than 7 percent and revised October's rate sharply downward. According to Bank Rate Monitor's daily survey of lending institutions, the average 30-year and 15-year fixed rate mortgages climbed to 7.93% and 7.52% respectively. The one-year adjustable rate rose to 6.52%. The advance in the bond market pushed the yield on the benchmark 30-year Treasury bond down to 6.57%. Today's employment report for December is expected to show a slowing in the increase of payrolls and steady unemployment. Blue chips and tech stocks took divergent paths on Thursday as the Dow Jones Industrial Average jumped 130.61 points to 11253.26 while the Nasdaq composite tanked 150.41 points to 3727.13. Selected Stocks - Closing Prices Thursday, January 6 | Company | Ticker | Price | Change | HomeStore.com
| HOMS
| 68 1/4
| - 3/4
| HomeSeekers.com
| HMSK
| 15
| + 1 1/16
| Cendant
| CD
| 23 3/16
| + 5/16
| Homeservices.com
| HMSV
| 14 1/4
| - 3/4
| Kennedy-Wilson
| KWIC
| 8 1/8
| - 1/4
| E-Loan
| EELN
| 16 1/8
| + 1 3/4
| Countrywide
| CCR
| 25 1/2
| + 3/4
| Vista Info
| VINF
| 4 1/16
| + 5/16
| Bamboo.com
| BAMB
| 20 11/16
| - 1 5/16
| Champion Enterprises
| CHB
| 8
| - 1/8
| Centex Corp.
| CTX
| 22 7/8
| - 1/4
| Pulte Corp.
| PHM
| 19 5/8
| - 1/8
|
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