Industry News

Overnight real estate rates still stagnant

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Long-term mortgage interest rates were mostly unchanged again Wednesday, and the benchmark 10-year Treasury bond yield declined to 4.49 percent. The 30-year fixed-rate average sank to 5.69 percent, and the 15-year fixed rate held at 5.43 percent. The 1-year adjustable remained at 5.33 percent. The 30-year Treasury bond yield was down at 4.63 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 15.14 points, or 0.12 percent, finishing at 12,192.45. The Nasdaq was down 10.5 points, or 0.44 percent, closing at 2,374.64. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time....