Industry News

Slight gain in overnight real estate rates

30-year fixed rate at 6.27%; 10-year Treasury yield at 4.8%

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Long-term mortgage interest rates edged up Monday, and the benchmark 10-year Treasury bond yield grew to 4.8 percent. The 30-year fixed-rate average rose to 6.27 percent, and the 15-year fixed rate increased to 5.94 percent. The 1-year adjustable stayed at 5.52 percent. The 30-year Treasury bond yield was up to 4.95 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 climbed 92.84 points, or 0.7 percent, finishing at 13,358.31. The Nasdaq was up 21.04 points, or 0.82 percent, closing at 2,583.28. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...