Industry News

Real estate rates steady overnight

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Long-term mortgage interest rates were mostly flat Wednesday, and the benchmark 10-year Treasury bond yield dipped to 4.87 percent. The 30-year fixed-rate average held at 5.98 percent, and the 15-year fixed rate edged up to 5.69 percent. The 1-year adjustable was also up at 5.69 percent. The 30-year Treasury bond yield sank to 5 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 jumped 111.74 points, or 0.83 percent, finishing at 13,633.08. The Nasdaq was up 20.53 points, or 0.8 percent, closing at 2,592.59. Stock figures are current as of 7:30 p.m. Eastern Standard Time....