Industry News

Overnight real estate rates movin’ on up

30-year fixed rate at 5.86%; 10-year Treasury yield up at 4.61%

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Long-term mortgage interest rates were up Tuesday, and the benchmark 10-year Treasury bond yield rose to 4.61 percent. The 30-year fixed-rate average rose to 5.86 percent, and the 15-year fixed-rate increased to 5.48 percent. The 1-year adjustable was up at 4.58 percent. The 30-year Treasury bond yield increased to 4.59 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 jumped 136.07 points, or 1.25 percent, finishing at 11,028.39. The Nasdaq gained 22.26 points, or 1 percent, closing at 2,262.17. 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....