Industry News

Nightly real estate rates rise

30-year fixed rate at 5.47%; 10-year Treasury yield at 3.68%

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Long-term mortgage interest rates inched up Tuesday, and the benchmark 10-year Treasury bond yield rose to 3.68 percent. The 30-year fixed-rate average edged up to 5.47 percent, and the 15-year fixed rate gained to 4.96 percent. The 1-year adjustable rate rose to 5.14 percent. The 30-year Treasury bond yield was up at 4.36 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 climbed 96.41 points, or 0.78 percent, finishing at 12,480.3. The Nasdaq gained 8.15 points, or 0.35 percent, closing at 2,358.06. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...