Industry News

Overnight real estate rates rise again

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Long-term mortgage interest rates were up Wednesday, and the benchmark 10-year Treasury bond yield jumped to 5.11 percent. The 30-year fixed-rate average increased to 6.15 percent, and the 15-year fixed-rate gained to 5.81 percent. The 1-year adjustable was up at 5.2 percent. The 30-year Treasury bond yield shot up to 5.18 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 rose 71.24 points, or 0.63 percent, finishing at 11,354.49. The Nasdaq gained 3.33 points, or 0.14 percent, closing at 2,333.63. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....