Industry News

Real estate rates sink overnight

30-year fixed rate at 5.49%; 10-year Treasury yield at 3.59%

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Long-term mortgage interest rates fell Thursday, and the benchmark 10-year Treasury bond yield dipped to 3.59 percent. The 30-year fixed-rate average dipped to 5.49 percent, and the 15-year fixed rate slipped to 4.97 percent. The 1-year adjustable rate sank to 5.12 percent. The 30-year Treasury bond yield was down at 4.32 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 gained 207.53 points, or 1.67 percent, finishing at 12,650.36. The Nasdaq was up 40.86 points, or 1.74 percent, closing at 2,389.86. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...