The average contract interest rate for 30-year, fixed-rate mortgages increased to 6.22 for the week ending Dec. 29 from 6.12 percent, with points decreasing to 0.92 from 0.96 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year, fixed-rate mortgages increased to 5.93 percent for the week ending Dec. 29 from 5.84 percent, with points decreasing to 1 from 1.06 (including the origination fee) for 80 percent LTV loans. San Diego downtown condos [tags] home mortgage rates, home loans, mortgage market, home loan rates, interest rates [/tags]
3 thoughts on “Home Mortgage Rates Inch Up”
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San Diego home loan interest rates should actually drop this year as the local San Diego real estate market tanks.
Higher rates are really troble in our falling San Diego real estate market.
Tim
The ingrain notion that San Diego real estate always appreciates has now vanished, and that’s probably a good thing.
Susan
San Diego California Medical Research