Overnight real estate rates dive

30-year fixed rate at 6.08%; 10-year Treasury yield at 4.9%
Inman News
Long-term mortgage interest rates were down Friday, and the benchmark 10-year Treasury bond yield fell to 4.9 percent.

The 30-year fixed-rate average sank to 6.08 percent, and the 15-year fixed-rate dipped to 5.79 percent. The 1-year adjustable held at 5.4 percent.

The 30-year Treasury bond yield decreased to 4.99 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 lost 2.24 points, or 0.02 percent, finishing at 11,240.35. The Nasdaq was down 7.28 points, or 0.35 percent, closing at 2,085.05.

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