Industry NewsInvesting

Nightly real estate rates barely budge

30-year fixed rate at 6.08%; 10-year Treasury yield at 3.6%

The ROI Producing Real Estate Event of the Summer
Reach top decision-makers at Inman Connect

Long-term mortgage interest rates were up slightly Tuesday, and the benchmark 10-year Treasury bond yield gained to 3.6 percent. The 30-year fixed-rate average rose to 6.08 percent, and the 15-year fixed rate inched up to 5.5 percent. The 1-year adjustable rate climbed to 4.75 percent. The 30-year Treasury bond yield increased to 4.51 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 soared 416.66 points, or 3.55 percent, finishing at 12,156.81. The Nasdaq jumped 86.42 points, or 3.98 percent, closing at 2,255.76. 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. ...