Industry News

Overnight real estate rates creep higher

30-year fixed rate at 6.35%; 10-year Treasury yield at 5.1%

The ROI Producing Real Estate Event of the Summer
Reach top decision-makers at Inman Connect

Long-term mortgage interest rates were up Wednesday, and the benchmark 10-year Treasury bond yield remained at 5.1 percent. The 30-year fixed-rate average gained to 6.35 percent, and the 15-year fixed-rate rose to 6.05 percent. The 1-year adjustable was down at 5.47 percent. The 30-year Treasury bond yield sank to 5.14 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 121.59 points, or 1.09 percent, finishing at 11,013.18. The Nasdaq was down 38.62 points, or 1.81 percent, closing at 2,090.24. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....