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