Industry News

Overnight real estate rates in 4-day slide

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Long-term mortgage interest rates fell for the fourth night Thursday, and the benchmark 10-year Treasury bond yield dropped to 3.94 percent. The 30-year fixed-rate average sank to 5.73 percent, and the 15-year fixed rate dipped to 5.31 percent. The 1-year adjustable slipped to 5.49 percent. The 30-year Treasury bond yield was down at 4.34 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 gained 22.28 points, or 0.17 percent, finishing at 13,311.73. The Nasdaq was up 5.22 points, or 0.2 percent, closing at 2,668.13. Stock figures are current as of 7:30 p.m. Eastern Standard Time....