Content provided in partnership with

Financial Services Industry

Locking in a superlow mortgage rate: if you fit one of these profiles, ditch the 30-year loan for a cheaper variety

Kiplinger's Personal Finance Magazine, July, 1998 by Joan Goldwasser

<< Page 1 Continued from page 3. Previous | Next

(*) For bonds purchased after May 1, 1997; 4.47% for bonds purchased earlier.

RELATED ARTICLE: Yield Benchmarks

                               RECENT     MONTH-AGO   YEAR-AGO
Bonds & Treasuries             YIELD       YIELD       YIELD
U.S. series EE savings bonds   5.06%(*)    5.59%(*)    5.68%
One-year Treasury bills        5.15        5.36        5.84
Five year Treasury notes       5.64        5.62        6.55
Ten-year Treasury notes        5.66        5.65        6.72

(*) For bonds purchased after May 1, 1997; 4.47% for bonds purchased earlier.

Savings bonds EE savings bonds purchased before May 1, 1997, earn a minimum of 4% or, if held at least five years, a market-based rate. Bonds bought after that earn a market-based rate from date of purchase. For an explanation of rates on older bonds, write for Form PD 3600 (The Bureau of the Public Debt, Parkersburg, WV 26106).

Treasuries You can purchase Treasury securities from a bank or broker for a fee. If you want to purchase them directly, contact the nearest Federal Reserve Bank or branch or the Bureau of the Public Debt, Division of Customer Services, Washington, DC 20239; 202-874-4000.

Financial Services Industry

Locking in a superlow mortgage rate: if you fit one of these profiles, ditch the 30-year loan for a cheaper variety

Kiplinger's Personal Finance Magazine, July, 1998 by Joan Goldwasser

Find Research Guides for:

Find Featured Titles for: Business

Most Popular Articles in Business

Most Popular Publications in Business