Industry News

Overnight real estate rates barely budge

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Long-term mortgage interest rates were mostly flat again Tuesday, and the benchmark 10-year Treasury bond yield slipped to 4.97 percent. The 30-year fixed-rate average dipped to 6.17 percent, and the 15-year fixed-rate held at 5.88 percent. The 1-year adjustable was up slightly at 5.26 percent. The 30-year Treasury bond yield held at 5.02 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 dropped 86.44 points, or 0.8 percent, finishing at 10,706.14. The Nasdaq fell 18.85 points, or 0.9 percent, closing at 2,072.47. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....