digs, south bay digs, magazine, issue 63, June 7, 2013
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South Bay Digs • June 7, 2013

Mortgage rates are at their highest level in more than a year, Freddie Mac reported at the end of May. While still extraordinarily low by historic standards, Freddie Mac’s survey reported that the average for a 30-year fixed loan rose from 3.59% a week prior to 3.81% the week of May 30th. Just imagine trying to purchase and finance a home back in 1981 and 1982, when typical mortgage rates exceeded 16%! Below is a quick snapshot of 30-year fixed-rate mortgage average rates going back 10 years.