If you ever want to create an actual hyperlink in your blog, simply type the word or URL you want linked, highlight the words and then click on the little link symbol in the menu bar (It is right next to the T with the color blocks). Type the link in the box that comes up and you're good to go.
It will look something like this:
David Warlick's 2 Cents Worth Blog
Will Richardson's weblogg-ed Blog
2 years ago