Industry News

Overnight real estate rates steady

30-year up slightly at 5.24%; 10-year Treasury up at 3.99%

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Long-term mortgage interest rates were mostly flat Tuesday, and the benchmark 10-year Treasury bond yield rose to 3.99 percent. The 30-year fixed-rate average nudged up to 5.24 percent, and the 15-year fixed-rate held at 4.64 percent. The 1-year adjustable was unchanged at 3.21 percent. The 30-year Treasury bond yield increased to 4.77 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 138.49 points, or 1.42 percent, finishing at 9,888.48. The Nasdaq was up 14.75 points, or 0.77 percent, closing at 1,928.79. 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 opinion@inman.com....