Long-term mortgage interest rates leveled out Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.57 percent.

The 30-year fixed-rate average dipped slightly to 5.73 percent, and the 15-year fixed rate slipped to 5.47 percent. The 1-year adjustable was unchanged at 5.34 percent.
The 30-year Treasury bond yield decreased to 4.66 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 86.13 points, or 0.71 percent, finishing at 12,218.01. The Nasdaq was up 24.28 points, or 1.01 percent, closing at 2,430.66.

Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.

# posted by James Pratt @ 8:03 PM 0 comments links to this post