Mortgage Rates Steady by Scott Davis
Despite bearish comments from Fed Chairman Greenspan, the long bond managed to gain ground on Thursday while stocks were mixed. According to Bank Rate Monitor's daily survey of mortgage lenders, the 30-year fixed and 15-year adjustable rate averages remained at 8.14% and 7.78% respectively. The 30-year Jumbo rate also stayed steady at 8.43% while the one-year adjustable rate dropped to 6.63%. While most Treasury issues traded down, the benchmark 30-year bond managed a small gain, dropping its yield to 6.22%. Blue chips took a hit on Greenspan's comments, with the Dow Jones Industrial Average falling 46.84 points to 10,514.57. The Nasdaq composite, on the other hand, jumped 121.27 points to a new record at 4,548.92. Selected Stocks - Closing Prices Thursday, February 17 | Company | Ticker | Price | Change | HomeStore.com
| HOMS
| 79 1/2
| - 5 1/2
| HomeSeekers.com
| HMSK
| 18 1/2
| + 1 11/16
| Cendant
| CD
| 18 1/2
| + 1 1/4
| Homeservices.com
| HMSV
| 13 3/4
| - 5/8
| Realco, Inc.
| RLCO
| 2
| unch.
| Kennedy-Wilson
| KWIC
| 8 1/4
| unch.
| E-Loan
| EELN
| 10 5/16
| - 1/4
| LendingTree
| TREE
| 17 1/16
| - 15/16
| Countrywide
| CCR
| 24 1/16
| unch.
| Vista Info
| VINF
| 5 21/32
| + 1/32
| Internet Pictures Corp.
| IPIX
| 29 3/16
| + 1/2
| Champion Enterprises
| CHB
| 7 1/8
| + 1/4
| Centex Corp.
| CTX
| 20 15/16
| + 3/8
| Pulte Corp.
| PHM
| 17 11/16
| unch.
|
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