La Jolla Real Estate, 30-Year Fixed Mortgage Rates are Rising

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Downtown San Diego real estate, homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.

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December 31, 2007

30-Year Fixed Mortgage Rates are Rising
Interest rates on both 30 year and 1 year mortgages increased this past week. Rates on other loans did not see any change.

30 year, fixed rate mortgages increased from 6.14% up to 6.17%. This is the highest rate since the week of November 21, when the rate reached 6.20%.

One year ARMs increased from 5.51% up to 5.53%. 15-year fixed mortgages held steady at 5.79%. 5 year ARMs held at 5.90%.

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