Industry News

Overnight real estate rates move higher

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Long-term mortgage interest rates were higher Wednesday, and the benchmark 10-year Treasury bond yield climbed to 4.47 percent. The 30-year fixed-rate average gained to 5.9 percent, and the 15-year fixed rate edged up to 5.52 percent. The 1-year adjustable was up at 5.65 percent. The 30-year Treasury bond yield rose to 4.75 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 137.54 points, or 1 percent, finishing at 13,930.01. The Nasdaq was up 42.41 points, or 1.51 percent, closing at 2,859.12. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...