Bond Yields Push Mortgage Rates Higher This Week, an article from Realty Times, reports that the 30-year fixed-rate mortgage averaged 4.91% with an average 0.7 point for the week ending May 28, 2009, according to Freddie Mac's Primary Mortgage Market Survey. Last week, it averaged 4.82%, and a year ago it was 6.08%. "Fixed-rate mortgage rates followed long-term bond yields higher this week as financial markets try to discern the state of the economy," said Frank Nothaft, Freddie Mac vice president and chief economist. "Consumer confidence rose again in May and represented the largest two-month rally since records began in 1967."
http://realtytimes.com/rtpages/20090529_rates.htm
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