"Home mortgage rates jumped in the most recent week, pulled higher by skyrocketing Treasury yields.
The average 30-year fixed rate soared to 5.95% from 5.45% last week, according to a weekly national survey from Bankrate.com.
The 30-year rate is often influenced by the benchmark 10-year bond, which has increased steadily to hover around 4% recently compared to 2% just six months ago. Investors worry that this has re-ignited inflation fears and threaten the potential for economic recovery."
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Mortgage rates soar, led by bond yields - 30-year at 5.95%
Thursday, June 11, 2009
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