Mortgage rates rose in Orange County for the third straight week on loans up to the old conforming limit of $417,000 and fixed for 30 years. The average rate for the week ended Thursday rose to 6.176 percent with a one-point fee, up from 6.162 percent last week, reports Shoprate.com. However, the average for similar-sized loans fixed for just one year fell to 5.507 percent with a two-point fee, from 5.516 percent. And for loans between $417,000 and nearly $730,000, the average dipped to 7.164 percent with a one-point fee, down from 7.204 percent.
Related topics…
- Treasury Secretary backs new way to fund mortgages
- Economist says mortgage bill no ’silver bullet’ for housing woes
- Mapping foreclosures in O.C.
- Foreclosure threat spreads in O.C.
