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Summary Box: US manufacturing growth accelerates

MANUFACTURING GROWS: A private survey found that U.S. manufacturing grew in April at the fastest pace in 10 months, suggesting that the economy is healthier than recent data had indicated.

BROAD-BASED GAINS: The survey by the Institute for Supply Management, a trade group of purchasing executives, found that factory employment rose to a 10-month high. That indicates that factories are hiring at a solid pace.

REASSURING REPORT: Economists said the report shows the economy has staying power. A gauge of new orders jumped to its highest level in a year. That could signal faster production in the coming months.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.81% dw 3.82%  
15 Y Fixed Graph 2.98% dw 3.00%  
30 Y Fixed Jumbo Graph 4.04% -- 4.04%  
5/1 ARM Graph 3.07% dw 3.13%  
5/1 Jumbo ARM Graph 3.17% dw 3.19%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% -- 4.60%  
$50K HELOC Graph 4.09% -- 4.09%  
$30K Loan Graph 4.90% -- 4.90%  
$50K Loan Graph 4.35% up 4.34%  
$75K Loan Graph 4.36% up 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.73% -- 2.73%  
36 M Used Graph 3.21% -- 3.21%  
48 M New Graph 2.97% up 2.96%  
48 M Used Graph 2.76% up 2.74%  
60 M New Graph 3.11% up 3.10%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% -- 0.38%  
1 yr Graph 0.70% dw 0.70%  
5 yr Graph 1.48% -- 1.48%