Overnight mortgage rates unchanged

Long-term mortgage interest rates held steady Thursday, and the benchmark 10-year Treasury bond yield remained at 4.12 percent.

The 30-year fixed-rate average remained at 5.37 percent, and the 15-year fixed-rate held at 4.78 percent. The 1-year adjustable was up slightly at 3.2 percent.

The 30-year Treasury bond yield jumped to 5 percent.

Rates 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 121.82 points, or 1.2 percent, finishing at 10,290.28. The Nasdaq was up 23.02 points, or 1.24 percent, closing at 1,873.43.

Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.

***

What's your opinion? Send your Letter to the Editor to newsroom@inman.com.

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