Long-term mortgage interest rates were unchanged Wednesday, and the benchmark 10-year Treasury bond yield dipped to 4.7 percent.
The 30-year fixed-rate average remained at 5.91 percent, and the 15-year fixed-rate held at 5.32 percent. The 1-year adjustable was up slightly at 3.53 percent.
The 30-year Treasury bond yield dropped to 5.38 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 up 84.5 points, or 0.81 percent, finishing at 10,479.57. The Nasdaq was up 26.83 points, or 1.35 percent, closing at 2,020.98.
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 email@example.com.