Industry News

Overnight real estate rates stand pat

30-year fixed rate at 6.29%; 10-year Treasury yield at 5.13%

Long-term mortgage interest rates held steady Wednesday, and the benchmark 10-year Treasury bond yield crept up to 5.13 percent. The 30-year fixed-rate average stayed at 6.29 percent, and the 15-year fixed rate froze at 5.99 percent. The 1-year adjustable was down to 5.54 percent. The 30-year Treasury bond yield gained to 5.24 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 plummeted 146 points, or 1.07 percent, finishing at 13,489.42. The Nasdaq was down 26.8 points, or 1.02 percent, closing at 2,599.96. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...

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