Mortgage rates take a dip

Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield remained at 4.04 percent.

The 30-year fixed-rate average slipped to 5.25 percent, and the 15-year fixed-rate decreased to 4.53 percent. The 1-year adjustable was up slightly at 3.25 percent.

The 30-year Treasury bond yield decreased to 4.91 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.