Industry News

Overnight mortgage rates nudge higher

30-year up at 5.31%; 10-year Treasury down at 4.03%

Long-term mortgage interest rates were slightly higher Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.03 percent. The 30-year fixed-rate average rose to 5.31 percent, and the 15-year fixed-rate climbed to 4.71 percent. The 1-year adjustable was down at 3.21 percent. The 30-year Treasury bond yield slipped to 4.82 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 down 58.7 points, or 0.59 percent, finishing at 9,897.62. The Nasdaq was down 13.62 points, or 0.7 percent, closing at 1,922.9. 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 opinion@inman.com....

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