Industry News

Overnight real estate rates retreat

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Long-term mortgage interest rates sank further Monday, and the benchmark 10-year Treasury bond yield sank to 4.98 percent. The 30-year fixed-rate average fell to 6.17 percent, and the 15-year fixed-rate dipped to 5.88 percent. The 1-year adjustable was down at 5.4 percent. The 30-year Treasury bond yield held at 5.07 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to Bankrate.com, 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 34.02 points, or 0.3 percent, finishing at 11,185.68. The Nasdaq was down 2.67 points, or 0.13 percent, closing at 2,091.47. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....