Industry News

Overnight mortgage rates trend higher

30-year fixed up at 6.04%; 10-year Treasury up at 4.76%

Long-term mortgage interest rates rose further Friday, and the benchmark 10-year Treasury bond yield moved up to 4.76 percent. The 30-year fixed-rate average jumped to 6.04 percent, and the 15-year fixed-rate increased to 5.37 percent. The 1-year adjustable was up at 3.35 percent. The 30-year Treasury bond yield increased to 5.46 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 down 123.92 points, or 1.21 percent, finishing at 10,117.34. The Nasdaq was down 19.78 points, or 1.02 percent, closing at 1,917.96. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** Send tips, feedback or a letter to the editor to or call (510) 658-9252, ext. 124....