Long-term mortgage interest rates continued lower Tuesday, and the benchmark 10-year Treasury bond yield rose to 4.58 percent. The 30-year fixed-rate average sank to 5.75 percent, and the 15-year fixed-rate declined to 5.47 percent. The 1-year adjustable was down at 5.26 percent. The 30-year Treasury bond yield increased to 4.72 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 93.58 points, or 0.81 percent, finishing at 11,669.39. The Nasdaq was up 12.27 points, or 0.55 percent, closing at 2,261.34. Stock and bond figures ar...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.