Industry News

Overnight real estate rates hit flat spot

30-year fixed rate at 6.17%; 10-year Treasury yield at 4.64%

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Long-term mortgage interest rates were mostly unchanged Thursday, and the benchmark 10-year Treasury bond yield dipped to 4.64 percent. The 30-year fixed-rate average held at 6.17 percent, and the 15-year fixed rate edged up to 5.79 percent. The 1-year adjustable gained to 5.57 percent. The 30-year Treasury bond yield was down to 4.94 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 dipped 0.25 points, or 0 percent, finishing at 13,235.88. The Nasdaq lost 11.1 points, or 0.43 percent, closing at 2,541.7. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...