Financial/Mortgage Update

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Friday’s mortgage rates are up slightly compared to our last Morgage Update two weeks ago.   At that time a 30 year fixed rate mortgage was 5.75% conforming and 6.75% jumbo.  As you can see from the chart above, today a borrower will pay 6.125% conforming and 6.875% jumbo.  Friday’s mortgage rates for Palos Verdes homes are provided by Jim Kurata, Peninsula Mortgage/Chase  


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