Movement of Mortgage Rates and Points in CA

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Hi,

CA – Los Angeles, San Francisco

The average mortgage rates for a 30-year FRM are slightly higher in LA than it is in SF, with the reverse being true for points. Though the rates for 15-year FRM in both the cities are similar, the total points are not identical, with rates in SF having a slight edge. Rates for 1-year ARM in SF are much lower than it is in LA and the difference is further heightened by the absence of points in SF.

Thanks and Regards
Shirly Smith