Industry News

Overnight interest rates slip

30-year fixed down at 6.05%; 10-year Treasury down at 4.78%

Long-term mortgage interest rates were down Friday, and the benchmark 10-year Treasury bond yield dropped to 4.78 percent. The 30-year fixed-rate average dipped to 6.05 percent, and the 15-year fixed-rate decreased slightly to 5.42 percent. The 1-year adjustable was up at 3.5 percent. The 30-year Treasury bond yield slipped to 5.5 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 2.13 points, or 0.02 percent, finishing at 10,012.87. The Nasdaq was down 21.78 points, or 1.13 percent, closing at 1,904.25. 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....