Long-term mortgage interest rates increased Wednesday, and the benchmark 10-year Treasury bond yield edged up to 3.6 percent. The 30-year fixed-rate average rose to 5.49 percent, and the 15-year fixed rate gained to 4.96 percent. The 1-year adjustable rate, however, dipped to 5.05 percent. The 30-year Treasury bond yield was up at 4.36 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 65.03 points, or 0.53 percent, finishing at 12,200.1. The Nasdaq fell 30.82 points, or 1.33 percent, closing at 2,278.75. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...
by Brad Inman | on Mar 21, 2017
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