Mortgage Rates Stalled by Scott Davis
Bond yields edged higher Wednesday while stocks recovered somewhat from Tuesday's debacle. According to Bank Rate Monitor, the 30-year and 15-year fixed rate mortgage averages remained at 8.00% and 7.62% respectively. The one-year adjustable rate stood at 6.63% while the 30-year jumbo rate was 8.29%. The yield on the bellwether 30-year Treasury bond edged up to 6.17% on Wednesday. Despite a small drop in oil prices and an encouraging labor report, Fed Chairman Greenspan continues to assure the markets that he will keep pushing interest rates higher. The Dow Jones Industrial Average recovered 60.50 points after Tuesday's 374 point drubbing. The Nasdaq composite gained 49.42 points to 4,897.26. Selected Stocks - Closing Prices Wednesday, March 8 | Company | Ticker | Price | Change | HomeStore.com
| HOMS
| 61 1/4
| + 1 9/16
| HomeSeekers.com
| HMSK
| 18 3/8
| + 3/8
| Cendant
| CD
| 16 3/8
| + 3/16
| Homeservices.com
| HMSV
| 13 1/2
| - 1/8
| Realco, Inc.
| RLCO
| 2
| + 1/4
| Kennedy-Wilson
| KWIC
| 5 3/4
| + 3/16
| E-Loan
| EELN
| 10 5/16
| - 7/16
| LendingTree
| TREE
| 11 3/4
| + 3/8
| Countrywide
| CCR
| 23 1/8
| - 1/8
| Vista Info
| VINF
| 4 1/2
| + 3/16
| Internet Pictures Corp.
| IPIX
| 31 7/8
| + 2 3/16
| Champion Enterprises
| CHB
| 5 3/4
| unch.
| Centex Corp.
| CTX
| 18
| - 9/16
| Pulte Corp.
| PHM
| 15 11/16
| - 1/4
|
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