Industry News

Real estate rates down overnight

30-year fixed rate at 5.64%; 10-year Treasury yield at 4.59%

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Long-term mortgage interest rates were lower Friday, and the benchmark 10-year Treasury bond yield slipped to 4.59 percent. The 30-year fixed-rate average dipped to 5.64 percent, and the 15-year fixed rate sank to 5.4 percent. The 1-year adjustable held at 5.3 percent. The 30-year Treasury bond yield decreased to 4.71 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 28.76 points, or 0.23 percent, finishing at 12,445.52. The Nasdaq was up 3.35 points, or 0.14 percent, closing at 2,457.2. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....