Industry News

Mortgage rates trend higher

30-year fixed up at 6.01%; 10-year Treasury down at 4.74%

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Long-term mortgage interest rates were up Monday, and the benchmark 10-year Treasury bond yield fell to 4.74 percent. The 30-year fixed-rate average climbed to 6.01 percent, and the 15-year fixed-rate increased to 5.38 percent. The 1-year adjustable was down at 3.48 percent. The 30-year Treasury bond yield declined to 5.43 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 8.31 points, or 0.08 percent, finishing at 9,958.43. The Nasdaq was up 10.89 points, or 0.57 percent, closing at 1,922.98. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....