Long-term mortgage interest rates continued to decline Monday, and the benchmark 10-year Treasury bond yield stayed at 4.43 percent. The 30-year fixed-rate average dipped to 5.6 percent, and the 15-year fixed rate sank to 5.36 percent. The 1-year adjustable held at 5.3 percent. The 30-year Treasury bond yield decreased to 4.54 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 89.72 points, or 0.74 percent, finishing at 12,283.85. The Nasdaq was up 35.18 points, or 1.46 percent, closing at 2,448.39. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. ...
by Andrew Wetzel | on Mar 22, 2017
by Gill South | 13 hours
by Brad Inman | 2 days