Industry NewsMarkets & Economy

Real estate rates dip overnight

30-year fixed rate at 5.95%; 10-year Treasury yield at 3.53%

Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield rose to 3.53 percent.The 30-year fixed-rate average dropped to 5.95 percent, and the 15-year fixed rate fell to 5.28 percent. The 1-year adjustable rate, however, climbed to 4.99 percent.The 30-year Treasury bond yield increased to 4.45 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 35.5 points, or 0.29 percent, finishing at 12,145.74. The Nasdaq was up 19.74 points, or 0.88 percent, closing at 2,263.61.Stock figures are current as of 7:30 p.m. Eastern Standard Time.*** What's your opinion? Leave your comments below or send a letter to the editor....

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