Industry News

Overnight real estate rates flat

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Long-term mortgage interest rates were mostly unchanged Thursday, and the benchmark 10-year Treasury bond yield dropped to 5.2 percent. The 30-year fixed-rate average held at 6.4 percent, and the 15-year fixed-rate dipped to 6.09 percent. The 1-year adjustable was up at 5.48 percent. The 30-year Treasury bond yield decreased to 5.25 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 gained 217.24 points, or 1.98 percent, finishing at 11,190.8. The Nasdaq was up 62.54 points, or 2.96 percent, closing at 2,174.38. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....