Industry News

Overnight interest rates dip further

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Long-term mortgage interest rates were slightly lower Monday, and the benchmark 10-year Treasury bond yield decreased to 4.06 percent. The 30-year fixed-rate average sank to 5.34 percent, and the 15-year fixed-rate decreased to 4.65 percent. The 1-year adjustable was down slightly at 3.29 percent. The 30-year Treasury bond yield decreased to 4.91 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 14 points, or 0.13 percent, finishing at 10,579.03. The Nasdaq was down 3.44 points, or 0.17 percent, closing at 2,060.57. 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...