Long-term mortgage interest rates rose sharply Thursday, and the benchmark 10-year Treasury bond yield gained to 3.71 percent.
The 30-year fixed-rate average jumped to 5.42 percent, and the 15-year fixed rate climbed to 4.89 percent. The 1-year adjustable rate gained to 5.17 percent.
The 30-year Treasury bond yield was up at 4.39 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 rose 108.44 points, or 0.88 percent, finishing at 12,378.61. The Nasdaq jumped 44.51 points, or 1.92 percent, closing at 2,360.92.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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