Mortgage Rates Tick Up by Scott Davis
Although average mortgage rates edged up on Friday, they remain near lows for the year. According to Bank Rate Monitor, the average 30-year fixed rate mortgage climbed to 7.73% while the 15-year fixed rate rose to 7.51%. The one year adjustable rate stood at 7.22% and the 30-year jumbo rate crept down to 8.12%. Treasury bond prices declined on Friday amid mixed economic news. The yield on both the 10-year note and 30-year bond ticked up 2 basis points (0.02%) to 5.87% and 5.71% respectively. Although July producer prices were flat as expected, retail sales jumped 0.7%. Stock prices climbed on Friday as the Dow Jones Industrial Average added 119.04 points to close at 11,027.80. The Nasdaq composite posted a 29.48 point gain to 3,789.47. Selected Stocks - Closing Prices Friday, August 11 | Company | Ticker | Price | Change | HomeStore.com
| HOMS
| 35 3/16
| + 1/4
| HomeSeekers.com
| HMSK
| 2 1/4 | + 3/16
| Cendant
| CD
| 13
| + 5/16
| Homeservices.com
| HMSV
| 11 3/8
| - 1/8
| Realco, Inc.
| RLCO
| 1 3/4
| unch.
| Kennedy-Wilson
| KWIC
| 6 5/16
| + 3/16
| E-Loan
| EELN
| 3 1/2
| + 1/16
| LendingTree
| TREE
| 6 13/16
| - 1/16
| Countrywide
| CCR
| 38 5/16
| + 5/16
| Vista Info
| VINF
| 2 1/8
| + 1/16
| Internet Pictures Corp.
| IPIX
| 8 1/16
| - 13/16
| Champion Enterprises
| CHB
| 6 5/16
| + 5/16
| Centex Corp.
| CTX
| 20 5/8
| + 15/8
| Pulte Corp.
| PHM
| 29
| + 13/16
|
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