Long Term Interest Rates Down

According to Inman News, "Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield dipped to 4.01 percent.

The 30-year fixed-rate average fell to 5.26 percent, and the 15-year fixed-rate sank to 4.86 percent. The 1-year adjustable was down at 3.85 percent.

The 30-year Treasury bond yield fell to 4.25 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."

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