Overnight real estate rates drop
30-year fixed rate at 5.85%; 10-year Treasury yield at 4.84%
Long-term mortgage interest rates fell Thursday, and the benchmark 10-year Treasury bond yield gained to 4.84 percent.
The 30-year fixed-rate average sank to 5.85 percent, and the 15-year fixed rate declined to 5.61 percent. The 1-year adjustable remained at 5.41 percent.
The 30-year Treasury bond yield increased to 4.93 percent.
Rates 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 gained 51.99 points, or 0.41 percent, finishing at 12,673.68. The Nasdaq was up 4.45 points, or 0.18 percent, closing at 2,468.38.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
Article provided by Inman News
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