Industry News

Overnight real estate rates advance

30-year fixed rate at 5.83%; 10-year Treasury yield up at 4.53%

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Long-term mortgage interest rates were higher Friday, and the benchmark 10-year Treasury bond yield gained to 4.53 percent. The 30-year fixed-rate average edged up to 5.83 percent, and the 15-year fixed-rate increased to 5.43 percent. The 1-year adjustable climbed to 4.55 percent. The 30-year Treasury bond yield slipped slightly to 4.61 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 lost 58.36 points, or 0.54 percent, finishing at 10,793.62. The Nasdaq lost 18.99 points, or 0.83 percent, closing at 2,262.58. 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....