Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.65 percent. The 30-year fixed-rate average dipped to 6.1 percent, and the 15-year fixed rate sank to 5.72 percent. The 1-year adjustable, however, rose to 5.77 percent. The 30-year Treasury bond yield stayed at 4.91 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 71.86 points, or 0.51 percent, finishing at 13,912.94. The Nasdaq fell 16.14 points, or 0.58 percent, closing at 2,763.91. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...
by Andrew Wetzel | 7 days
by Brad Inman | 2 days
by Brad Inman | on Mar 21, 2017