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THE WALL STREET JOURNAL
WSJ.com 
HOMES

The average 30-year fixed-rate mortgage hit a six-month high of 5.09% on Thursday, according to a survey by data tracker HSH Associates. A separate survey by Freddie Mac showed rates averaged 4.83% for the week ending Thursday, up from a record low 4.17% just one month ago.
"I've been doing this 15 years, and I've never seen rates rise this fast," said Wade Douroux, president and CEO of Resource Financial Services, a mortgage banking firm in Columbia, S.C.
Rising mortgage rates are one immediate consequence of the unusually large jump in Treasury yields in recent weeks. The yield on the 10-year note, which directly affects mortgage rates, closed Thursday at 3.473%, up from its October low of 2.382%.
 
The jump in Treasury yields, one of the swiftest in decades, has caught economists, investors and borrowers off guard.

RATE SAMPLER:
 
Conventional 30 Yr Fixed                       5.000% - 5.375%
FHA 30 Yr Fixed                                      5.000% - 5.250%
Jumbo 30 Yr Fixed                                  5.750% - 6.000%
 
Conventional 5/1 Arm                             4.000% -  4.250%
Jumbo 5/1 Arm                                         4.500% - 4.750%

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