Inman

Mortgage rates nudge higher

Long-term mortgage interest rates were up slightly Monday, and the benchmark 10-year Treasury bond yield rose to 4.48 percent.

The 30-year fixed-rate average inched up to 5.66 percent, and the 15-year fixed-rate remained at 5.09 percent. The 1-year adjustable was up at 3.4 percent.

The 30-year Treasury bond yield climbed to 5.21 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 0.3 points, or 0 percent, finishing at 9,961.92. The Nasdaq was down 10.07 points, or 0.54 percent, closing at 1,839.02.

Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.

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