Long-term mortgage interest rates gained sharply Monday, and the benchmark 10-year Treasury bond yield grew to 3.56 percent.The 30-year fixed-rate average climbed to 5.73 percent, and the 15-year fixed rate jumped to 5.22 percent. The 1-year adjustable rate rose to 5.45 percent.The 30-year Treasury bond yield gained to 4.37 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 was up 187.32 points, or 1.52 percent, finishing at 12,548.64. The Nasdaq jumped 68.64 points, or 3.04 percent, closing at 2,326.75.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....
by Andrew Wetzel | 7 days
by Brad Inman | 2 days
by Brad Inman | on Mar 21, 2017