Industry News

Overnight real estate rates reverse course

30-year fixed rate increases to 5.61%; 10-year Treasury yield at 3.96%

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Long-term mortgage interest rates ticked up Wednesday, and the benchmark 10-year Treasury bond yield increased to 3.96 percent. The 30-year fixed-rate average increased to 5.61 percent, and the 15-year fixed rate edged up to 5.18 percent. The 1-year adjustable rate increased to 5.48 percent. The 30-year Treasury bond yield was also up at 4.44 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 gained 196.23 points, or 1.48 percent, finishing at 13,444.96. The Nasdaq increased 46.53 points, or 1.78 percent, closing at 2,666.36. Stock figures are current as of 7:30 p.m. Eastern Standard Time....