"Home mortgage rates sank sharply last week, retreating from a recent run-up that peaked the previous week. The 30-year fixed slipped to 5.76% from 5.95%, according to a report released Thursday.
The average 15-year mortgage rate also fell, tipping to 5.19% from 5.37% the week prior, according to a weekly national survey from Bankrate.com.
That's a retreat from a long run-up in recent weeks, pulled by bonds, the report noted. Mortgage rates are often influenced by Treasury yields. In particular, the 30-year fixed mortgage rate tends to track the benchmark 10-year Treasury yield. Bond yields have eased somewhat from recent highs."
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Mortgage rates retreat - 30-year slips to 5.76%
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