Real estate rates lower overnight

30-year fixed rate at 6.25%; 10-year Treasury yield at 4.72%

Long-term mortgage interest rates were down Wednesday, and the benchmark 10-year Treasury bond yield fell to 4.72 percent.

The 30-year fixed-rate average slipped to 6.25 percent, and the 15-year fixed rate dipped to 5.91 percent. The 1-year adjustable sank to 5.63 percent.

The 30-year Treasury bond yield was up at 5.03 percent.

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 continued to fall, plummeting 167.45 points, or 1.29 percent, finishing at 12,861.47. The Nasdaq lost 40.29 points, or 1.61 percent, closing at 2,458.83.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.

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Mark Thomason - 408.850.3085 or Mark@ThomasonTeam.com

Your Saratoga & Sunnyvale Real Estate Professional

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