Industry News

Overnight interest rates dip

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Long-term mortgage interest rates were lower Thursday, and the benchmark 10-year Treasury bond yield sank to 3.95 percent. The 30-year fixed-rate average fell slightly to 5.28 percent, and the 15-year fixed-rate decreased slightly to 4.59 percent. The 1-year adjustable was down at 3.22 percent. The 30-year Treasury bond yield decreased to 4.84 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 down 0.44 points, or 0 percent, finishing at 10,623.18. The Nasdaq was down 23.44 points, or 1.09 percent, closing at 2,119.01. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of th...