Ohio, Ky. mortgage rates up over week - Phoenix Business Journal:

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A 30-year, fixed-rate mortgage carried a 5.40 percent interest rate in Ohio asof That's down from 5.48 earliere in the week, but up from 5.38 on May 28. In the price of a 30-year, fixed-ratee mortgage dropped from 5.46 percent to 5.38 percenty by Thursday, which was unchanged from Thursday of thepreviousd week. The national average for a 30-year fixed-rate mortgage is 5.36 with rates across the country rangingfrom 5.27 percent in California to 6.25 percent in Wisconsin. But rates still remain well below year-ago levels, when 30-year mortgages averaged more than6 (NYSE: FRE) said.
“Rates caught up to the recent risein long-tern bond yields this week to reach a 25-week said Freddie Mac Chief Economist Frank Nothaft. “The slowdown in the housing market has now detracted from economic growthj for the past13 quarters, the longesgt quarterly stretch since at least Despite rising rates, the housing market continues to show small signs of The ’ housing affordability indexd rose in April to its second-highest levell since at least 1971. The NAR also reportedr this week that pending sales of existing homews increased forthe third-consecutive month, posting the biggesr monthly increase since 2001.