Overnight real estate rates see small dips 30-year fixed rate at 5.59%; 10-year Treasury yield at 3.89% Long-term mortgage interest rates continued their decline Tuesday,and the benchmark 10-year Treasury bond yield edged up to 3.89 percent.
To hear the national media tell it, homebuyers are fools to buy right now. Home prices have dropped 5 percent since October 2006. Our economic problems aren't over, so home prices are bound to drop further. Why would anyone catch that falling knife? But there are some markets out there that are making monkeys out of housing bears.