Mid-October Update: Mortgage Rates Increase Slightly

Freddie Mac said in its latest survey that fixed rates on home loans increased this week after declining for the past 3 consecutive weeks. For well-qualified borrowers who paid 0.8% of the loan amount in upfront lender fees and discount points, 30-year fixed rate mortgages were offered at an average of 4.21%, up from 4.19% the previous week.

Full Article from the LA Times Money and Company Blog: Mortgage rates edge higher after 3 weeks of declines

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