Industry News

Overnight real estate rates unchanged

30-year fixed rate at 5.75%; 10-year Treasury yield at 4.58%

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Long-term mortgage interest rates were flat Wednesday, and the benchmark 10-year Treasury bond yield climbed to 4.58 percent. The 30-year fixed-rate average stayed at 5.75 percent, and the 15-year fixed-rate held at 5.41 percent. The 1-year adjustable was down at 4.61 percent. The 30-year Treasury bond yield gained to 4.55 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 up 60.12 points, or 0.55 percent, finishing at 11,053.53. The Nasdaq rose 33.25 points, or 1.46 percent, closing at 2,314.64. 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....