Industry News

Overnight real estate rates fall

30-year fixed rate at 5.93%; 10-year Treasury yield at 4.73%

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Long-term mortgage interest rates were down Tuesday, and the benchmark 10-year Treasury bond yield dropped to 4.73 percent. The 30-year fixed-rate average sank to 5.93 percent, and the 15-year fixed-rate declined to 5.64 percent. The 1-year adjustable dipped to 5.31 percent. The 30-year Treasury bond yield decreased to 4.86 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 14.09 points, or 0.12 percent, finishing at 11,540.91. The Nasdaq was down 13.38 points, or 0.6 percent, closing at 2,222.37. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....