Long-term mortgage interest rates were higher Thursday, and the benchmark 10-year Treasury bond yield dropped to 4.5 percent. The 30-year fixed-rate average rose to 6.09 percent, and the 15-year fixed rate gained to 5.76 percent. The 1-year adjustable edged up to 5.98 percent. The 30-year Treasury bond yield was down at 4.82 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 50.56 points, or 0.38 percent, finishing at 13,238.73. The Nasdaq gained 2.14 points, or 0.08 percent, closing at 2,565.3. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...
by Andrew Wetzel | on Mar 22, 2017
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