Industry News

Overnight real estate rates lower

30-year fixed rate at 5.96%; 10-year Treasury yield at 4.22%

Long-term mortgage interest rates dipped Monday, and the benchmark 10-year Treasury bond yield held at 4.22 percent. The 30-year fixed-rate average sank to 5.96 percent, and the 15-year fixed rate slipped to 5.54 percent. The 1-year adjustable was down at 5.53 percent. The 30-year Treasury bond yield stayed at 4.6 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 55.19 points, or 0.42 percent, finishing at 12,987.55. The Nasdaq fell 43.81 points, or 1.67 percent, closing at 2,584.13. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...