Long-term mortgage interest rates inched higher Friday, and the benchmark 10-year Treasury bond yield increased to 3.87 percent. The 30-year fixed-rate average edged up to 5.87 percent, and the 15-year fixed rate gained to 5.47 percent. Meanwhile, the 1-year adjustable rate rose to 5.83 percent. The 30-year Treasury bond yield climbed to 4.59 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 42.91 points, or 0.33 percent, finishing at 12,891.86. The Nasdaq dipped 5.99 points, or 0.25 percent, closing at 2,422.93. 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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