Long-term mortgage interest rates continued lower Monday, and the benchmark 10-year Treasury bond yield dropped to 4.98 percent. The 30-year fixed-rate average decreased to 6.09 percent, and the 15-year fixed-rate slipped to 5.76 percent. The 1-year adjustable held at 5.19 percent. The 30-year Treasury bond yield fell to 5.06 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 dropped 11.13 points, or 0.1 percent, finishing at 11,336.32. The Nasdaq lost 9.48 points, or 0.4 percent, closing at 2,333.38. Stock and bond figures are curr...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.