Long-term mortgage interest rates dropped again Friday, and the benchmark 10-year Treasury bond yield dropped to 4.99 percent. The 30-year fixed-rate average fell to 6.18 percent, and the 15-year fixed-rate dipped to 5.89 percent. The 1-year adjustable was down at 5.41 percent. The 30-year Treasury bond yield decreased to 5.07 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 119.27 points, or 1.07 percent, finishing at 11,219.7. The Nasdaq was up 39.67 points, or 1.93 percent, closing at 2,094.14. Stock and bond f...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.