Industry News

Mortgage rates slip again

30-year down at 5.65%; 10-year Treasury down at 4.42%

Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield sank to 4.42 percent. The 30-year fixed-rate average dipped to 5.65 percent, and the 15-year fixed-rate fell to 5.08 percent. The 1-year adjustable was unchanged at 3.34 percent. The 30-year Treasury bond yield remained at 5.17 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 6.27 points, or 0.06 percent, finishing at 10,126.51. The Nasdaq was down 4.36 points, or 0.23 percent, closing at 1,855.06. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....

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