SAN JOSE, CA-Fixed mortgage rates have once again increased thisweek from their lowest points in decades. The average value of30-year fixed rate mortgages moved up to 4.46% this week from thatof 4.40% last week.


The 15-year fixed rate loans also jumped to 3.81% from 3.77%. Asdemand decreases for Treasurys, investors are demanding higher paysfrom the government. The five-year adjustable-rate loans rose to3.49% from 3.45% and the one-year adjustable-rate home loans jumpedto 3.25% from 3.23%. For the full story, go to San Jose Mercury.

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.