Industry News

Overnight mortgage rates hold steady

30-year unchanged at 5.46%; 10-year Treasury up at 4.26%

Long-term mortgage interest rates were flat Monday, and the benchmark 10-year Treasury bond yield gained to 4.26 percent. The 30-year fixed-rate average remained at 5.46 percent, and the 15-year fixed-rate nudged up to 4.88 percent. The 1-year adjustable was unchanged at 3.24 percent. The 30-year Treasury bond yield climbed to 5.05 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 129.2 points, or 1.31 percent, finishing at 9,954.55. The Nasdaq was up 25.62 points, or 1.46 percent, closing at 1,782.84. 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