Long-term mortgage interest rates dropped again Wednesday, and the benchmark 10-year Treasury bond yield rose to 4.54 percent. The 30-year fixed-rate average fell to 5.95 percent, and the 15-year fixed rate sank to 5.61 percent. The 1-year adjustable, however, gained to 5.72 percent. The 30-year Treasury bond yield was up at 4.83 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 gained 76.17 points, or 0.55 percent, finishing at 13,815.56. The Nasdaq climbed 14.82 points, or 0.56 percent, closing at 2,666.48. Stock figures ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.