Long-term mortgage interest rates continued lower Tuesday, and the benchmark 10-year Treasury bond yield dropped to 4.33 percent. The 30-year fixed-rate average slipped to 5.63 percent, and the 15-year fixed-rate sank to 5.19 percent. The 1-year adjustable was unchanged at 4.49 percent. The 30-year Treasury bond yield decreased to 4.51 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 63.55 points, or 0.58 percent, finishing at 10,896.32. The Nasdaq lost 14.35 points, or 0.62 percent, closing at 2,302.69. Stock and bond...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.