Industry News

Overnight real estate rates dip

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Long-term mortgage interest rates decreased Friday, and the benchmark 10-year Treasury bond yield dipped to 4.08 percent. The 30-year fixed-rate average fell to 5.14 percent, and the 15-year fixed-rate dipped to 4.71 percent. The 1-year adjustable increased to 3.61 percent. The 30-year Treasury bond yield decreased to 4.48 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to, 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 gained 123.03 points, or 1.2 percent, finishing at 10,716.13. The Nasdaq gained 29.02 points, or 1.4 percent, closing at 2,086.66. 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