Industry NewsMarkets & Economy

Real estate rates up for third night

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Long-term mortgage interest rates posted more gains Thursday, and the benchmark 10-year Treasury bond yield was down at 3.58 percent. The 30-year fixed-rate average rose to 6.12 percent, and the 15-year fixed rate climbed to 5.53 percent. The 1-year adjustable rate jumped to 4.73 percent. The 30-year Treasury bond yield decreased to 4.56 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 tumbled 214.6 points, or 1.75 percent, finishing at 12,040.39. The Nasdaq plunged 52.31 points, or 2.3 percent, closing at 2,220.5. Stock figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Leave your comments below or send a letter to the editor. ...