Industry News

Mortgage rates inch higher

30-year fixed up at 5.8%; 10-year Treasury holds at 4.5%

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Long-term mortgage interest rates were higher Monday, and the benchmark 10-year Treasury bond yield stood at 4.5 percent. The 30-year fixed-rate average rose slightly to 5.8 percent, and the 15-year fixed-rate increased to 5.14 percent. The 1-year adjustable was up at 3.25 percent. The 30-year Treasury bond yield remained at 5.28 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 up 88.43 points, or 0.86 percent, finishing at 10,314. The Nasdaq was up 18.57 points, or 0.97 percent, closing at 1,938.72. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** Send tips, feedback or a letter to the editor to or call (510) 658-9252, ext. 138. ...