Industry News

Overnight real estate rates quiet

30-year fixed rate at 5.79%; 10-year Treasury yield at 4.74%

Long-term mortgage interest rates were mostly flat again Thursday, and the benchmark 10-year Treasury bond yield edged up to 4.74 percent. The 30-year fixed-rate average held at 5.79 percent, and the 15-year fixed rate dipped to 5.54 percent. The 1-year adjustable was up at 5.39 percent. The 30-year Treasury bond yield stayed at 4.91 percent. Rates and bonds 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 gained 68.34 points, or 0.55 percent, finishing at 12,552.96. The Nasdaq was up 21.01 points, or 0.85 percent, closing at 2,480.32. Stock figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....