Long-term mortgage interest rates continued higher Wednesday, and the benchmark 10-year Treasury bond yield stayed at 4.81 percent. The 30-year fixed-rate average rose to 5.81 percent, and the 15-year fixed rate edged up to 5.58 percent. The 1-year adjustable was unchanged at 5.38 percent. The 30-year Treasury bond yield held at 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 gained 87.97 points, or 0.7 percent, finishing at 12,621.77. The Nasdaq was up 34.87 points, or 1.43 percent, closing at 2,466.28. Stock and bond ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.