Industry News

Overnight mortgage rates dip

30-year down at 5.28%; 10-year Treasury down at 3.99%

Long-term mortgage interest rates were lower Monday, and the benchmark 10-year Treasury bond yield sank to 3.99 percent. The 30-year fixed-rate average slipped to 5.28 percent, and the 15-year fixed-rate fell to 4.71 percent. The 1-year adjustable was down at 3.21 percent. The 30-year Treasury bond yield decreased to 4.77 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 down 58.7 points, or 0.58 percent, finishing at 9,988.54. The Nasdaq was down 19.6 points, or 1.04 percent, closing at 1,859.88. 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