Industry News

Overnight real estate rates keep climbing

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Long-term mortgage interest rates were up for the sixth consecutive day on Friday, and the benchmark 10-year Treasury bond yield rose to 4.81 percent. The 30-year fixed-rate average edged up to 5.87 percent, and the 15-year fixed rate gained to 5.57 percent. The 1-year adjustable increased to 5.67 percent. The 30-year Treasury bond yield climbed to 4.96 percent. Rates and bonds 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 79.81 points, or 0.59 percent, finishing at 13,556.53. The Nasdaq was up 19.07 points, or 0.75 percent, closing at 2,558.45. Stock figures are current as of 7:30 p.m. Eastern Standard Time....