Typical 30 year mortgage above 4%

Typical 30 year Mortgage back above 4%

Blink and you may have missed it — the average rate on a 30-year fixed mortgage rate has crept higher since plunging to a record low of less than 4% late last week.

On Thursday Freddie Mac stated the 30-year loan was being offered at 4.01% on average for solid borrowers who paid 0.7% of the loan balance upfront in lender fees and points.

In the Western U.S., including California, the typical rate was lower at 3.95% early this week. Both figures are record lows.

*Source: LA Times

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