Industry News

Real estate rates drop overnight

30-year fixed rate at 6.35%; 10-year Treasury yield at 5.14%

Long-term mortgage interest rates slipped again Monday, and the benchmark 10-year Treasury bond yield sank to 5.14 percent. The 30-year fixed-rate average fell to 6.35 percent, and the 15-year fixed rate dipped to 6.04 percent. The 1-year adjustable was down to 5.56 percent. The 30-year Treasury bond yield dropped to 5.25 percent. Rates and bonds 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 26.5 points, or 0.19 percent, finishing at 13,612.98. The Nasdaq was down 0.11 points, or 0 percent, closing at 2,626.6. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...

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