Long-term mortgage interest rates rose again Friday, and the benchmark 10-year Treasury bond yield sank to 3.56 percent.

The 30-year fixed-rate average climbed to 5.47 percent, and the 15-year fixed rate jumped to 4.98 percent. The 1-year adjustable rate, however, dropped to 5.09 percent.

The 30-year Treasury bond yield was down at 4.27 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 lost 171.44 points, or 1.38 percent, finishing at 12,207.17. The Nasdaq tumbled 34.72 points, or 1.47 percent, closing at 2,326.2.

Stock figures are current as of 7:30 p.m. Eastern Standard Time.

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