Industry News

Overnight real estate rates keep climbing

30-year fixed rate at 5.24%; 10-year Treasury up at 4.1%

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Long-term mortgage interest rates continued higher Monday, and the benchmark 10-year Treasury bond yield edged up to 4.1 percent. The 30-year fixed-rate average gained to 5.24 percent, and the 15-year fixed-rate increased to 4.83 percent. The 1-year adjustable was up at 3.74 percent. The 30-year Treasury bond yield remained at 4.34 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 gained 70.58 points, or 0.68 percent, finishing at 10,519.72. The Nasdaq rose 22.55 points, or 1.07 percent, closing at 2,135.43. 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....