Long-term mortgage interest rates slipped Friday, and the benchmark 10-year Treasury bond yield decreased to 3.47 percent. The 30-year fixed-rate average decreased to 5.62 percent, and the 15-year fixed rate fell to 5.21 percent. Meanwhile, the 1-year adjustable rate increased to 5.7 percent. The 30-year Treasury bond yield was down at 4.3 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 256.56 points, or 2.04 percent, finishing at 12,325.42. The Nasdaq lost 61.46 points, or 2.6 percent, closing ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.