Overnight real estate rates fall sharply

30-year fixed rate at 5.8%; 10-year Treasury yield at 4.59%
Inman News
Long-term mortgage interest rates were down further Friday, and the benchmark 10-year Treasury bond yield fell to 4.59 percent.

The 30-year fixed-rate average sank to 5.8 percent, and the 15-year fixed-rate declined to 5.52 percent. The 1-year adjustable was down at 5.32 percent.

The 30-year Treasury bond yield dropped to 4.74 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 25.13 points, or 0.22 percent, finishing at 11,508.1. The Nasdaq was down 18.82 points, or 0.84 percent, closing at 2,218.93.

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