Long-term mortgage interest rates were higher Friday, and the benchmark 10-year Treasury bond yield climbed to 4.64 percent. The 30-year fixed-rate average rose to 6.07 percent, and the 15-year fixed rate gained to 5.7 percent. The 1-year adjustable grew to 5.72 percent. The 30-year Treasury bond yield was up at 4.87 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 91.7 points, or 0.66 percent, finishing at 14,066.01. The Nasdaq was up 46.75 points, or 1.71 percent, closing at 2,780.32. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...
by Brad Inman | on Mar 21, 2017
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