ORANGE COUNTY, CA-The mortgage finance company Freddie Mac reported that the average fixed rate of 30-year mortgage increased 0.7% to 4.37%, a 0.05% increase from record-low average rate. However, the average fixed rate of 15-year loans registered a record-low value of 3.82%, the lowest since August 1991.
The average rates of 30-year loan have registered low values in 10 of the last 13 weeks, while that of the 15-year loans were down in 11 of the last 13 weeks. For the full story, go to The Orange County Register.
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