Real estate fixed rates drop

30-year fixed rate at 5.9%; 10-year Treasury yield at 4.34%

Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield dropped to 4.34 percent.

The 30-year fixed-rate average slipped to 5.9 percent, and the 15-year fixed rate fell to 5.5 percent. The 1-year adjustable was down at 5.69 percent.

The 30-year Treasury bond yield sank to 4.64 percent.