Interest rates for 30-year, fixed-rate U.S. mortgages increased in the week ending May 28, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 4.91 percent with an average 0.7 points in the week, Freddie Mac said.

Not the best news for a potential new homebuyer, but it could be a lot worse.   Yes, I know a week ago the fixed-rate mortgage average was 4.82, but a year ago 30-year interest rates were at 6.08 percent for fixed-rate loans.  Furthermore, the average price of a home has dropped.  Would it have been better to buy a new home last week?  You bet. However, the combination of a very low mortgage rates and a good inventory of homes still makes the purchase of a home very attractive.