Long-term mortgage interest rates were lower Friday, and the benchmark 10-year Treasury bond yield dropped to 4.22 percent. The 30-year fixed-rate average sank to 5.46 percent, and the 15-year fixed-rate fell to 4.87 percent. The 1-year adjustable was down at 3.24 percent. The 30-year Treasury bond yield dipped to 5.01 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 10.76 points, or 0.11 percent, finishing at 9,825.35. The Nasdaq was up 4.73 points, or 0.27 percent, closing at 1,757.22. Stock and bond figures are c...
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