Florida Mortgage Rates are on the Rise

Based on numbers from Bankrate.com, long-term mortgage rates rose this week. The 30-year fixed-rate average shot up to 5.71% yesterday, while the 10-year Treasury bond yield increaed to 4.59%. Other information includes:

• 15-year fixed-rates climbed to 5.3%
• One-year adjustable rates were up to 4.2%
• 30-year Treasury bond yield increased to 4.79%

Bankrate.com publishes nightly averages for interest rates based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.