Industry News

Real estate rates dip overnight

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Long-term mortgage interest rates were down Thursday, and the benchmark 10-year Treasury bond yield dropped to 4.28 percent. The 30-year fixed-rate average was down at 5.97 percent, and the 15-year fixed rate sank to 5.57 percent. The 1-year adjustable slipped to 5.61 percent. The 30-year Treasury bond yield rose to 4.67 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 lost 33.73 points, or 0.25 percent, finishing at 13,266.29. The Nasdaq tumbled 52.76 points, or 1.92 percent, closing at 2,696. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...