Industry News

Overnight real estate rates ease back

30-year fixed rate down at 5.51%; 10-year Treasury up at 4.39%

Long-term mortgage interest rates retreated Thursday, and the benchmark 10-year Treasury bond yield climbed to 4.39 percent. The 30-year fixed-rate average slipped to 5.51 percent, and the 15-year fixed-rate sank to 5.09 percent. The 1-year adjustable was down at 4.12 percent. The 30-year Treasury bond yield increased to 4.61 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 30.26 points, or 0.29 percent, finishing at 10,287.1. The Nasdaq lost 18.94 points, or 0.9 percent, closing at 2,084.08. 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....