Interest rates on 30-year, fixed-rate home mortgages...

Interest rates on 30-year, fixed-rate home mortgages in May registered their second consecutive monthly increase, encouraging Americans to turn to adjustable-rate mortgages, the government said. The Federal Home Loan Bank Board, the federal regulator of savings institutions, said the national average for conventional, single-family loans jumped to 10.63% in early May, up from 10.48% in early April. The bank board said rates on the most popular type of one-year, adjustable-rate mortgages, those with limits on how much the rate can increase, also rose but not by as much. They increased to 8.68% in May, up from April’s 8.61%.