Industry News

Overnight interest rates dip

30-year fixed down at 6.05%; 10-year Treasury up at 4.8%

Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield increased to 4.8 percent. The 30-year fixed-rate average slipped to 6.05 percent, and the 15-year fixed-rate fell slightly to 5.42 percent. The 1-year adjustable was down slightly at 3.39 percent. The 30-year Treasury bond yield increased to 5.51 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 25.69 points, or 0.26 percent, finishing at 10,045.16. The Nasdaq was down 5.76 points, or 0.3 percent, closing at 1,925.59. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** Send tips or a letter to the editor to or call (510) 658-9252, ext. 124....