Industry News

Interest rates sink, benchmark bond rises

30-year fixed lower at 5.46%; 10-year Treasury higher at 4.25%

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield rose to 4.25 percent. The 30-year fixed-rate average sank to 5.46 percent, and the 15-year fixed-rate dropped to 4.79 percent. The 1-year adjustable was down at 3.33 percent. The 30-year Treasury bond yield remained at 5.08 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5. In other economic news, the Dow Jones Industrial Average was up 63.41 points, or 0.6 percent, finishing at 10,592.44. The Nasdaq was up 22.57 points, or 1.09 percent, closing at 2,100.25. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story. ...