Industry News

Real estate rates drop overnight

30-year fixed rate at 6.24%; 10-year Treasury yield at 4.68%

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Long-term mortgage interest rates came down Friday, and the benchmark 10-year Treasury bond yield rose to 4.68 percent. The 30-year fixed-rate average fell to 6.24 percent, and the 15-year fixed rate sank to 5.89 percent. The 1-year adjustable dipped to 5.61 percent. The 30-year Treasury bond yield increased to 4.99 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 233.3 points, or 1.82 percent, finishing at 13,079.08. The Nasdaq gained 53.96 points, or 2.2 percent, closing at 2,505.03. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...