Long-term mortgage interest rates inched up Wednesday, and the benchmark 10-year Treasury bond yield climbed to 4.62 percent. The 30-year fixed-rate average increased slightly to 5.74 percent, and the 15-year fixed rate edged up to 5.49 percent. The 1-year adjustable was unchanged at 5.34 percent. The 30-year Treasury bond yield increased to 4.7 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 33.7 points, or 0.28 percent, finishing at 12,251.71. The Nasdaq was up 12.09 points, or .5 percent, closing at 2,442.75. Stock and b...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.