Industry News

Overnight real estate rates sink

30-year fixed rate at 6.18%; 10-year Treasury yield at 5.13%

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Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield stayed at 5.13 percent. The 30-year fixed-rate average dipped to 6.18 percent, and the 15-year fixed-rate was down to 5.85 percent. The 1-year adjustable held at 5.33 percent. The 30-year Treasury bond yield slipped to 5.19 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 2.88 points, or 0.02 percent, finishing at 11,642.65. The Nasdaq lost 17.51 points, or 0.75 percent, closing at 2,320.74. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....