Industry News

Overnight real estate rates shoot higher

30-year fixed rate at 6.19%; 10-year Treasury yield at 5%

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Long-term mortgage interest rates increased Tuesday, and the benchmark 10-year Treasury bond yield dipped to 5 percent. The 30-year fixed-rate average gained to 6.19 percent, and the 15-year fixed-rate rose to 5.88 percent. The 1-year adjustable was up at 5.28 percent. The 30-year Treasury bond yield slid to 5.08 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to, 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 lost 46.58 points, or 0.42 percent, finishing at 11,002.14. The Nasdaq fell 6.84 points, or 0.32 percent, closing at 2,162.78. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....