Long-term mortgage interest rates were down Tuesday, and the benchmark 10-year Treasury bond yield dropped to 4.48 percent. The 30-year fixed-rate average dipped to 5.83 percent, and the 15-year fixed-rate slipped to 5.42 percent. The 1-year adjustable was unchanged at 4.49 percent. The 30-year Treasury bond yield decreased to 4.68 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 21.85 points, or 0.2 percent, finishing at 10,856.86. The Nasdaq rose 3.12 points, or 0.14 percent, closing at 2,260.76. Stock and bond figures...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.