Industry News

Overnight mortgage rates hold steady

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Long-term mortgage interest rates were unchanged Wednesday, and the benchmark 10-year Treasury bond yield climbed to 4.49 percent. The 30-year fixed-rate average held at 5.7 percent, and the 15-year fixed-rate stayed at 5.02 percent. The 1-year adjustable rose slightly to 3.2 percent. The 30-year Treasury bond yield increased to 5.28 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 136.34 points, or 1.3 percent, finishing at 10,341.82. The Nasdaq was down 42.99 points, or 2.12 percent, closing at 1,989.54. 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 the story. ...