Nightly real estate rates mostly flat

Long-term mortgage interest rates barely budged Monday, and the benchmark 10-year Treasury bond yield decreased to 3.83 percent.

The 30-year fixed-rate average stayed at 5.87 percent, and the 15-year fixed rate gained slightly to 5.48 percent. Meanwhile, the 1-year adjustable rate dipped to 5.82 percent.

The 30-year Treasury bond yield sank to 4.56 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 slipped 20.11 points, or 0.16 percent, finishing at 12,871.75. The Nasdaq gained 1.47 points, or 0.06 percent, closing at 2,424.4.

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.

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.