Industry News

Real estate rates gain overnight

30-year fixed rate up to 5.9%; 10-year Treasury yield at 4.15%

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Long-term mortgage interest rates continued higher Monday, and the benchmark 10-year Treasury bond yield dropped to 4.15 percent. The 30-year fixed-rate average climbed to 5.9 percent, and the 15-year fixed rate gained to 5.47 percent. The 1-year adjustable rate was up at 5.59 percent. The 30-year Treasury bond yield edged down to 4.58 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 plunged 172.65 points, or 1.29 percent, finishing at 13,167.2. The Nasdaq lost 61.28 points, or 2.32 percent, closing at 2,574.46. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...