Industry News

Mortgage rates stand ground

30-year unchanged at 5.86%; 10-year Treasury unchanged at 4.64%

Long-term mortgage interest rates were mostly flat Friday, and the benchmark 10-year Treasury bond yield remained at 4.64 percent. The 30-year fixed-rate average held at 5.86 percent, and the 15-year fixed-rate dipped slightly to 5.27 percent. The 1-year adjustable was down at 3.42 percent. The 30-year Treasury bond yield sank to 5.33 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 71.97 points, or 0.69 percent, finishing at 10,371.84. The Nasdaq was up 9.9 points, or 0.49 percent, closing at 2,025.47. 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....