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by CareyBot

Long-term mortgage interest rates continued higher Wednesday, and the benchmark 10-year Treasury bond yield grew to 4.78 percent. The 30-year fixed-rate average increased to 5.91 percent, and the 15-year fixed rate rose to 5.6 percent. The 1-year adjustable was down at 5.32 percent. The 30-year Treasury bond yield edged up to 4.91 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 15.14 points, or 0.13 percent, finishing at 11,852.13. The Nasdaq was down 7.16 points, or 0.31 percent, closing at 2,308.27. Stock and bond figures a...