Industry News

Overnight real estate rates go nowhere

30-year fixed rate at 5.97%; 10-year Treasury yield at 4.78%

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Long-term mortgage interest rates were unchanged Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.78 percent. The 30-year fixed-rate average held at 5.97 percent, and the 15-year fixed-rate remained at 5.68 percent. The 1-year adjustable was up at 5.35 percent. The 30-year Treasury bond yield remained at 4.93 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 rose 17.93 points, or 0.16 percent, finishing at 11,369.94. The Nasdaq was up 11.6 points, or 0.54 percent, closing at 2,172.3. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....