Long-term mortgage interest rates were up Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.87 percent. The 30-year fixed-rate average rose to 5.9 percent, and the 15-year fixed rate edged up to 5.65 percent. The 1-year adjustable dipped to 5.41 percent. The 30-year Treasury bond yield decreased to 4.98 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 32.53 points, or 0.26 percent, finishing at 12,523.31. The Nasdaq was up 7.55 points, or 0.31 percent, closing at 2,448.64. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. ...
by Brad Inman | on Mar 21, 2017
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