Long-term mortgage interest rates rose Tuesday, and the benchmark 10-year Treasury bond yield jumped to 4.29 percent. The 30-year fixed-rate average inched up to 5.38 percent, and the 15-year fixed-rate gained to 4.79 percent. The 1-year adjustable was unchanged at 3.42 percent. The 30-year Treasury bond yield climbed to 4.91 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 78.41 points, or 0.73 percent, finishing at 10,854.54. The Nasdaq was up 22.97 points, or 1.07 percent, closing at 2,177.19. 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 [email protected]...
by Inman | on Feb 14, 2017
by Ingrid Burke | 2 days
by Teke Wiggin | on Feb 15, 2017