Industry News

Overnight real estate rates steady

30-year fixed rate down at 5.26%; 10-year Treasury down at 4.12%

Long-term mortgage interest rates were mostly unchanged Friday, and the benchmark 10-year Treasury bond yield slipped to 4.12 percent. The 30-year fixed-rate average dipped slightly to 5.26 percent, and the 15-year fixed-rate remained at 4.82 percent. The 1-year adjustable was up slightly at 3.84 percent. The 30-year Treasury bond yield sank to 4.4 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 gained 82.63 points, or 0.78 percent, finishing at 10,678.56. The Nasdaq rose 9.48 points, or 0.44 percent, closing at 2,175.51. 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....