Industry News

Overnight real estate rates get boost

30-year fixed rate at 6.12%; 10-year Treasury yield at 4.97%

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Long-term mortgage interest rates were up again Wednesday, and the benchmark 10-year Treasury bond yield dipped to 4.97 percent. The 30-year fixed-rate average rose to 6.12 percent, and the 15-year fixed rate grew to 5.82 percent. The 1-year adjustable dropped to 5.55 percent. The 30-year Treasury bond yield was down at 5.08 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 plummeted 129.79 points, or 0.95 percent, finishing at 13,465.67. The Nasdaq was down 24.05 points, or 0.92 percent, closing at 2,587.18. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...