Long-term mortgage interest rates fell again Friday, and the benchmark 10-year Treasury bond yield was down at 3.52 percent. The 30-year fixed-rate average declined to 5.8 percent, and the 15-year fixed rate dropped to 5.16 percent. The 1-year adjustable rate dove to 4.59 percent. The 30-year Treasury bond yield sank to 4.42 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 plunged 315.79 points, or 2.51 percent, finishing at 12,266.39. The Nasdaq tumbled 60.09 points, or 2.58 percent, closing at 2,271.48. Stock figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to firstname.lastname@example.org. ...
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