O C REGISTER: Mortgage rates jump up off record lows

From THE ORANGE COUNTY REGISTER – Jonathan Lansner & Jeff Collins:

RATE NEWS SUMMARY: From Freddie Mac’s weekly survey there is a time gap that doesn’t always tell the full story. The past few days rates have spiked as you will read further down. The Freddie survey that I report to you for this week is a result of last week’s rates. The average 30-year fixed rose to 3.92 percent and .8 point from last week’s 3.88 percent according to Freddie Mac’s survey. The 15-year fixed rate loan also rose, averaging 3.16 percent and .8 point, up 3 basis points from last week’s survey. Each basis point is .01 percent. As an illustration, last week’s 15-year fixed was 3.13 percent. The 5-year ARM rose to 2.83 percent, 2 basis points higher from last week’s 2.81 percent.

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About David Mayes

David Mayes has recently received his GREEN certification from the National Association of Realtors. If you enjoy personal attention and great customer service - you need look no further, he cares for his clients and will always go the extra mile to make a deal happen or make a client happy. Whether you are a BUYER or a SELLER all of your needs and wants will be met. With a Master's Degree in Business Administration, Short Sale certified, David brings a rare combination of investment savvy and seasoned experience to every transaction. He writes regularly on OCRealEstateWatch.com and can be reached at david@ocrealestatehq.com or by phone at 949-632-8115.
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