Industry News

Overnight real estate rates dip

30-year fixed rate at 6.38%; 10-year Treasury yield at 5.14%

Long-term mortgage interest rates came down Friday, and the benchmark 10-year Treasury bond yield dropped to 5.14 percent. The 30-year fixed-rate average sank to 6.38 percent, and the 15-year fixed-rate slipped to 6.07 percent. The 1-year adjustable was unchanged at 5.48 percent. The 30-year Treasury bond yield decreased to 5.19 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 40.58 points, or 0.36 percent, finishing at 11,150.22. The Nasdaq dipped 2.29 points, or 0.11 percent, closing at 2,172.09. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....