Overnight real estate rates trend lower

30-year fixed rate at 5.31%; 10-year Treasury down at 4.15%
Inman News
Long-term mortgage interest rates slipped further Thursday, and the benchmark 10-year Treasury bond yield sank to 4.15 percent.

The 30-year fixed-rate average dropped to 5.31 percent, and the 15-year fixed-rate slipped to 4.91 percent. The 1-year adjustable was down at 3.72 percent.

The 30-year Treasury bond yield dropped to 4.48 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 fell 128.43 points, or 1.26 percent, finishing at 10,070.37. The Nasdaq fell 26.25 points, or 1.36 percent, closing at 1,904.18.