Industry News

Overnight real estate rates trend lower

30-year fixed rate at 5.86%; 10-year Treasury yield at 4.67%

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Long-term mortgage interest rates were down again Friday, and the benchmark 10-year Treasury bond yield dropped to 4.67 percent. The 30-year fixed-rate average fell to 5.86 percent, and the 15-year fixed rate sank to 5.57 percent. The 1-year adjustable was down at 5.35 percent. The 30-year Treasury bond yield decreased to 4.79 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 73.4 points, or 0.6 percent, finishing at 12,090.26. The Nasdaq was down 28.48 points, or 1.2 percent, closing at 2,350.62. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....