Industry News

Real estate rates dive overnight

30-year fixed rate at 5.57%; 10-year Treasury yield at 3.87%

Long-term mortgage interest rates were down again Friday, and the benchmark 10-year Treasury bond yield dipped to 3.87 percent. The 30-year fixed-rate average sank to 5.57 percent, and the 15-year fixed rate slid to 5.11 percent. The 1-year adjustable rate was down at 5.38 percent. The 30-year Treasury bond yield edged up to 4.38 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 256.54 points, or 1.96 percent, finishing at 12,800.18. The Nasdaq lost 98.03 points, or 3.77 percent, closing at 2,504.65. Stock figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to ...