Industry News

Slight dip for overnight real estate rates

30-year fixed rate at 6.1%; 10-year Treasury yield at 5.01%

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Long-term mortgage interest rates were lower on Friday, and the benchmark 10-year Treasury bond yield dropped to 5.01 percent. The 30-year fixed-rate average decreased to 6.1 percent, and the 15-year fixed-rate slipped to 5.77 percent. The 1-year adjustable was unchanged at 5.19 percent. The 30-year Treasury bond yield fell to 5.09 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 gained 4.56 points, or 0.04 percent, finishing at 11,347.45. The Nasdaq lost 19.69 points, or 0.83 percent, closing at 2,342.86. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....