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News & Press: Industry News

Mortgage Rates Continue to Rise

Tuesday, July 18, 2017  
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Last Thursday Freddie Mac released the results of its primary mortgage market survey, showing average mortgage rates rising across the board for the second consecutive week. Rates for a 30 year fixed-rate mortgage have now cleared the 4% mark for the first time since May and average 4.03 percent. A year ago the average rate was 3.42 percent.  The 15 year fixed-rate mortgage shows the same trend, up from 2.72% a year ago to a new average of 3.29%.  

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851