Industry News

Real estate rates end night lower

30-year fixed rate at 6.08%; 10-year Treasury yield at 4.51%

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Long-term mortgage interest rates came down Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.51 percent. The 30-year fixed-rate average sank to 6.08 percent, and the 15-year fixed rate fell to 5.76 percent. The 1-year adjustable, however, inched up to 6 percent. The 30-year Treasury bond yield was down to 4.84 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 tumbled 280.28 points, or 2.1 percent, finishing at 13,041.85. The Nasdaq fell 60.61 points, or 2.37 percent, closing at 2,500.64. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...