Industry News

Another drop in overnight real estate rates

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Long-term mortgage interest rates were down again Wednesday, and the benchmark 10-year Treasury bond yield stayed at 4.73 percent. The 30-year fixed-rate average sank to 5.89 percent, and the 15-year fixed-rate declined to 5.59 percent. The 1-year adjustable was up at 5.35 percent. The 30-year Treasury bond yield decreased to 4.85 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 72.28 points, or 0.63 percent, finishing at 11,613.19. The Nasdaq was up 30.52 points, or 1.37 percent, closing at 2,252.89. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....