AgentIndustry News

Overnight real estate rates post gains

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Long-term mortgage interest rates were higher Wednesday, and the benchmark 10-year Treasury bond yield remained at 4.28 percent. The 30-year fixed-rate average rose to 5.36 percent, and the 15-year fixed-rate jumped to 4.81 percent. The 1-year adjustable was up at 3.48 percent. The 30-year Treasury bond yield decreased to 4.85 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 32.95 points, or 0.31 percent, finishing at 10,597.83. The Nasdaq was down 16.62 points, or 0.79 percent, closing at 2,091.24. 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....