Overnight real estate rates retreat

Long-term mortgage interest rates were down slightly Friday, and the benchmark 10-year Treasury bond yield stayed at 4.53 percent.

The 30-year fixed-rate average sank to 5.89 percent, and the 15-year fixed-rate slipped to 5.46 percent. The 1-year adjustable was unchanged at 4.48 percent. The 30-year Treasury bond yield dropped to 4.74 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. Click here for the full Inman News article.