As Treasury yields go, so go mortgage rates
Feb-11-2011--NEW YORK -- Treasury yields have been climbing higher since fall 2010,
The national average interest for a 30-year, fixed-rate mortgage was 5.05% in the week ended
Feb. 11 -- marking the first time since May 2010 that the popular consumer borrowing rate topped the
5% barrier, according to Freddie Mac's Primary Mortgage Market Survey.
The data factors in an average of 0.8 points in fees that the average borrower paid to lower his or her rate.
as the economy begins to show signs of improvement.
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