SAN JOSE, CA-Fixed mortgage rates have once again increased this week from their lowest points in decades. The average value of 30-year fixed rate mortgages moved up to 4.46% this week from that of 4.40% last week.
The 15-year fixed rate loans also jumped to 3.81% from 3.77%. As demand decreases for Treasurys, investors are demanding higher pays from the government. The five-year adjustable-rate loans rose to 3.49% from 3.45% and the one-year adjustable-rate home loans jumped to 3.25% from 3.23%. For the full story, go to San Jose Mercury.
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