Industry News

Overnight real estate rates slip

30-year fixed rate at 5.87%; 10-year Treasury yield at 4.7%

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Long-term mortgage interest rates were down Monday, and the benchmark 10-year Treasury bond yield rose to 4.7 percent. The 30-year fixed-rate average dipped to 5.87 percent, and the 15-year fixed-rate edged down to 5.56 percent. The 1-year adjustable was up at 4.93 percent. The 30-year Treasury bond yield increased to 4.73 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 29.86 points, or 0.26 percent, finishing at 11,250.11. The Nasdaq gained 2.76 points, or 0.12 percent, closing at 2,315.58. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....