Overnight real estate rates drop sharply

30-year fixed rate at 5.88%; 10-year Treasury yield at 3.67%

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Long-term mortgage interest rates fell considerably Thursday, and the benchmark 10-year Treasury bond yield was down at 3.67 percent.

The 30-year fixed-rate average dove to 5.88 percent, and the 15-year fixed rate plunged to 5.28 percent. The 1-year adjustable rate dipped to 4.83 percent.

The 30-year Treasury bond yield sank to 4.51 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.