Overnight real estate rates creep lower

Long-term mortgage interest rates were down again Wednesday, and the benchmark 10-year Treasury bond yield rose to 4.56 percent.

The 30-year fixed-rate average sank to 6.07 percent, and the 15-year fixed rate fell to 5.74 percent. The 1-year adjustable dropped to 5.97 percent.

The 30-year Treasury bond yield was up at 4.88 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 climbed 247.44 points, or 1.9 percent, finishing at 13,289.29. The Nasdaq jumped 62.52 points, or 2.5 percent, closing at 2,563.16.

Stock figures are current as of 7:30 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.