Long-term mortgage interest rates continued to fall Friday, and the
benchmark 10-year Treasury bond yield sank to 3.44 percent.
The 30-year fixed-rate average dropped to 5.89 percent, and the
15-year fixed rate fell to 5.22 percent. The 1-year adjustable rate, however, climbed to 5.11 percent.
The 30-year Treasury bond yield decreased to 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 lost 194.65 points, or 1.6 percent, finishing at 11,951.09.
The Nasdaq tumbled 51.12 points, or 2.26 percent, closing at 2,212.49.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
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