Industry News

Uptick in overnight real estate rates

30-year fixed rate at 5.59%; 10-year Treasury yield at 4.48%

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Long-term mortgage interest rates edged up Thursday, and the benchmark 10-year Treasury bond yield sank to 4.48 percent. The 30-year fixed-rate average inched up to 5.59 percent, and the 15-year fixed rate gained to 5.35 percent. The 1-year adjustable stayed at 5.29 percent. The 30-year Treasury bond yield held at 4.6 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 30.84 points, or 0.25 percent, finishing at 12,278.41. The Nasdaq was down 18.17 points, or 0.74 percent, closing at 2,427.69. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. ...