Industry News

Further drop in overnight real estate rates

30-year fixed rate down at 5.21%; 10-year Treasury holds at 4.03%

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Long-term mortgage interest rates continued lower Friday, and the benchmark 10-year Treasury bond yield remained at 4.03 percent. The 30-year fixed-rate average dipped to 5.21 percent, and the 15-year fixed-rate sank to 4.78 percent. The 1-year adjustable was down at 3.82 percent. The 30-year Treasury bond yield decreased to 4.29 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 Friday, the Dow Jones Industrial Average lost 12.26 points, or 0.12 percent, finishing at 10,447.37. The Nasdaq fell 6.83 points, or 0.32 percent, closing at 2,141.07. Financial markets were closed Monday in observance of Labor Day. 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....