Industry News

Real estate rates drop overnight

30-year fixed rate at 6.31%; 10-year Treasury yield at 5.08%

Long-term mortgage interest rates fell Monday, and the benchmark 10-year Treasury bond yield dipped to 5.08 percent. The 30-year fixed-rate average dropped to 6.31 percent, and the 15-year fixed rate sank to 6.01 percent. The 1-year adjustable was down at 5.54 percent. The 30-year Treasury bond yield declined to 5.2 percent. Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to, 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 was down 8.21 points, or 0.06 percent, finishing at 13,352.05. The Nasdaq was down 11.88 points, or 0.46 percent, closing at 2,577.08. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...