Industry News

Overnight real estate rates see small dips

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Long-term mortgage interest rates continued their decline Tuesday, and the benchmark 10-year Treasury bond yield edged up to 3.89 percent. The 30-year fixed-rate average dipped slightly to 5.59 percent, and the 15-year fixed rate slipped to 5.16 percent. The 1-year adjustable rate was unchanged 5.45 percent. The 30-year Treasury bond yield was up at 4.36 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 65.84 points, or 0.49 percent, finishing at 13,248.73. The Nasdaq was down 17.3 points, or 0.66 percent, closing at 2,619.83. Stock figures are current as of 7:30 p.m. Eastern Standard Time....