Mortgage rates in Los Angeles mostly rose this week. Meanwhile, Adam Levine is selling his place in Beverly Crest.
This week's rates
The benchmark 30-year fixed-rate mortgage in Los Angeles rose to 3.83% from 3.75%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.28 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.73%.
Pick up Adam Levine's place
Adam Levine -- the singer-songwriter and television personality -- is selling his home in the Beverly Crest area for $17.5 million. That's about 4 times what he paid for the property just 4 years ago, notes the Los Angeles Times.
The renovated home has 5 bedrooms and 7 bedrooms within 7,100-square-feet of living space.
It also has a kitchen done in Zebrawood, a media room, a den, gym and a spa.
The benchmark 30-year jumbo mortgages, for loans of $625,500 and up, rose to 4% from 3.85%. The benchmark 15-year fixed-rate mortgage rose to 3.14% from 3.06%. The benchmark 5/1 adjustable-rate mortgage fell to 3.33% from 3.36%.
Weekly mortgage survey
|Results from Bankrate's June 22 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $625,500 in Los Angeles.|
|30-year fixed||15-year fixed||5-year ARM||30-year jumbo|
|This week's rate:||3.83%||3.14%||3.33%||4%|
|Change from last week:||+0.08||+0.08||-0.03||+0.15|
|Change from last week:||+$7.55||+$6.40||-$2.73||+$54.34|