In California, a Homebuyer Can Snare 30-Year Mortgage at 5.99%

July 19, 2024

Orange County Register, July 18, 2024–Jeff Lazerson
While the Freddie Mac average 30-year fixed rate landed at 6.77% this week, its lowest level since mid-March, well-qualified buyers in California can get a much cheaper rate of 5.99% at 1.5 points.
That’s for loan amounts up to $766,550, also known as “conforming loans.”
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