Industry News

Overnight real estate rates ride downtrend

30-year fixed rate at 5.78%; 10-year Treasury yield at 4.61%

Long-term mortgage interest rates fell further Thursday, and the benchmark 10-year Treasury bond yield slipped to 4.61 percent. The 30-year fixed-rate average dropped to 5.78 percent, and the 15-year fixed rate decreased to 5.51 percent. The 1-year adjustable was up at 5.35 percent. The 30-year Treasury bond yield held at 4.73 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 73.24 points, or 0.6 percent, finishing at 12,103.3. The Nasdaq was down 8.93 points, or 0.37 percent, closing at 2,376.01. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....

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