Industry News

Overnight real estate rates track lower

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Long-term mortgage interest rates continued to fall Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.75 percent. The 30-year fixed-rate average slipped to 5.74 percent, and the 15-year fixed rate was down at 5.51 percent. The 1-year adjustable held at 5.37 percent. The 30-year Treasury bond yield decreased to 4.84 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 26.51 points, or 0.21 percent, finishing at 12,582.59. The Nasdaq was down 5.04 points, or 0.2 percent, closing at 2,497.78. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....