Industry News

Mortgage rates take a dip

30-year fixed down at 5.22%; 10-year Treasury holds at 3.98%

Long-term mortgage interest rates were lower Monday, and the benchmark 10-year Treasury bond yield stayed at 3.98 percent. The 30-year fixed-rate average dipped to 5.22 percent, and the 15-year fixed-rate slipped to 4.53 percent. The 1-year adjustable remained at 3.18 percent. The 30-year Treasury bond yield increased to 4.86 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to, 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 94.22 points, or 0.89 percent, finishing at 10,678.14. The Nasdaq was up 27.98 points, or 1.38 percent, closing at 2,057.8. 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....