Industry News

Overnight real estate rates still slipping

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Long-term mortgage interest rates continued to decline Thursday, and the benchmark 10-year Treasury bond yield slipped to 4.55 percent. The 30-year fixed-rate average dipped to 5.69 percent, and the 15-year fixed rate was down at 5.44 percent. The 1-year adjustable inched up to 5.34 percent. The 30-year Treasury bond yield remained at 4.68 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 34.29 points, or 0.28 percent, finishing at 12,234.34. The Nasdaq was down 11.94 points, or 0.49 percent, closing at 2,404.21. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. ...