Long-term mortgage interest rates were down again Thursday, and the benchmark 10-year Treasury bond yield dropped to 4.64 percent.
The 30-year fixed-rate average dipped to 5.88 percent, and the 15-year fixed-rate sank to 5.57 percent. The 1-year adjustable was up at 4.89 percent.
The 30-year Treasury bond yield fell to 4.69 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 43.47 points, or 0.39 percent, finishing at 11,253.24. The Nasdaq lost 12.28 points, or 0.53 percent, closing at 2,299.56.
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.
