Industry News

Sluggish night for real estate rates

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Long-term mortgage interest rates barely moved Friday, and the benchmark 10-year Treasury bond yield slipped to 4.64 percent. The 30-year fixed-rate average rose slightly to 5.77 percent, and the 15-year fixed rate held at 5.5 percent. The 1-year adjustable gained to 5.61 percent. The 30-year Treasury bond yield decreased to 4.81 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 23.24 points, or 0.18 percent, finishing at 13,264.62. The Nasdaq was up 6.69 points, or 0.26 percent, closing at 2,572.15. Stock figures are current as of 7:30 p.m. Eastern Standard Time....