Real estate rates up overnight
30-year fixed rate at 5.85%; 10-year Treasury yield at 3.92%
Long-term mortgage interest rates increased Tuesday, and the benchmark 10-year Treasury bond yield climbed to 3.92 percent.
The 30-year fixed-rate average rose to 5.85 percent, and the 15-year fixed rate gained to 5.42 percent. Meanwhile, the 1-year adjustable rate increased to 5.9 percent.
The 30-year Treasury bond yield edged up to 4.64 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 gained 68.72 points, or 0.55 percent, finishing at 12,548.35. The Nasdaq rose 36.57 points, or 1.5 percent, closing at 2,481.24.
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