Industry News

Overnight real estate rates lower

30-year fixed rate at 6.26%; 10-year Treasury yield at 4.79%

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Long-term mortgage interest rates sank Wednesday, and the benchmark 10-year Treasury bond yield rose to 4.79 percent. The 30-year fixed-rate average fell to 6.26 percent, and the 15-year fixed rate dipped to 5.93 percent. The 1-year adjustable slipped to 5.49 percent. The 30-year Treasury bond yield was up at 4.93 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 jumped 150.38 points, or 1.14 percent, finishing at 13,362.37. The Nasdaq was up 7.6 points, or 0.3 percent, closing at 2,553.87. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...