Industry News

Overnight interest rates flat

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Long-term mortgage interest rates were mostly unchanged Wednesday, and the benchmark 10-year Treasury bond yield rose to 4.19 percent. The 30-year fixed-rate average dipped slightly to 5.33 percent, and the 15-year fixed-rate remained at 4.62 percent. The 1-year adjustable was down slightly at 3.24 percent. The 30-year Treasury bond yield increased to 5 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to, 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 141.55 points, or 1.33 percent, finishing at 10,468.37. The Nasdaq was down 38.67 points, or 1.83 percent, closing at 2,077.37. 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...