Long-term mortgage interest rates declined Tuesday, and the benchmark 10-year Treasury bond yield dropped to 3.98 percent.

The 30-year fixed-rate average dropped to 5.75 percent, and the 15-year fixed rate slid to 5.35 percent. The 1-year adjustable rate, however, gained to 5.57 percent.

The 30-year Treasury bond yield was down at 4.48 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 fell 294.26 points, or 2.14 percent, finishing at 13,432.77. The Nasdaq dropped 66.6 points, or 2.45 percent, closing at 2,652.35.

Stock figures are current as of 7:15 p.m. Eastern Standard Time.


What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription