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Mortgage rates in Los Angeles, California

By Mitch Strohm · Bankrate.com
Thursday, June 23, 2016
Posted: 8 am ET

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.

More rates

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
Monthly payment: $771.65 $1,150.60 $725.35 $2,986.23
Change from last week: +$7.55 +$6.40 -$2.73 +$54.34
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