Industry News

Overnight interest rates stand ground

30-year fixed stays at 6.08%; 10-year Treasury down at 4.76%

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Long-term mortgage interest rates were mostly unchanged Tuesday, and the benchmark 10-year Treasury bond yield slipped to 4.76 percent. The 30-year fixed-rate average held at 6.08 percent, and the 15-year fixed-rate inched higher to 5.44 percent. The 1-year adjustable was up slightly at 3.4 percent. The 30-year Treasury bond yield decreased to 5.46 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 29.45 points, or 0.29 percent, finishing at 10,019.47. The Nasdaq was up 35.28 points, or 1.86 percent, closing at 1,931.35. 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. 124....