Mortgage rates on the rise. Tightening inventory keeping demand high.

Mortgage rates jumped this week following a strong jobs report, with Freddie Mac reporting that lenders were offering conventional 30-year home loans at an average of 3.86%, up from 3.75% a week ago, The increase brings rates back to about where they started the year, Freddie Mac deputy chief economist Len Keifer said Thursday as the home finance giant released its weekly report. The 30-year fixed-rate mortgage has averaged below 4% since the week ending Nov. 13. The low for 2015, 3.59%, was recorded in early February.
Call Regina Singh at 714-883-5205 for all your real estate needs.

Read more – http://www.latimes.com/business/la-fi-re-freddie-mac-mortgage-rates-20150312-story.html

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