Long-term mortgage interest rates were down Tuesday, and the benchmark 10-year Treasury bond yield dropped to 4.69 percent.

The 30-year fixed-rate average dipped to 5.93 percent, and the 15-year fixed-rate sank to 5.61 percent. The 1-year adjustable was up at 4.89 percent.

The 30-year Treasury bond yield decreased to 4.7 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 75.32 points, or 0.68 percent, finishing at 11,151.34. The Nasdaq gained 28.87 points, or 1.27 percent, closing at 2,295.9.

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.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×