Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield dropped to 4.34 percent.

The 30-year fixed-rate average slipped to 5.9 percent, and the 15-year fixed rate fell to 5.5 percent. The 1-year adjustable was down at 5.69 percent.

The 30-year Treasury bond yield sank to 4.64 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 lost 0.98 points, or 0.01 percent, finishing at 13,675.25. The Nasdaq was down 24.5 points, or 0.88 percent, closing at 2,774.76.

Stock figures are current as of 7:30 p.m. Eastern Standard Time.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We've updated our terms of use.Read them here×