Bankrate: Mortgage Rates Hit 5%

NEW YORK, N.Y. – December 16, 2010 – (RealEstateRama) — Mortgage rates soared again this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate rising to 5 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points.