San Diego CA - San Deigo Mortgage rates continue to decline!  Thirty-year, Fixed-Rate mortgages averaged 6.11 percent this past week, down from 6.14 percent last week according to Freddie Mac.  This great news was also reported in their nationwide survey.  “The only time this year that San Diego Mortgage rates have been lower were the Week of Jan 19th, when the thirty-year Fixed-rate was at 6.10 percent”, according to George Spear- a Senior Mortgage Broker and Realtor with San Diego Financial.  

Rates on 15-year, Fixed-rate mortgages were also lower this last week.  15 year fixed-rate mortgages fell to 5.84 percent from 5.87 percent.  For one-year adjustable rate loans rates fell to 5.43 percent from 5.46 percent.  Five year adjustable rate mortgages fell to 5.92 percent.

Freddie Mac reports do not include add on fees or points.  Thirty year, 15 year, and 5 year mortgages each carry an average of 0.5 points while one year adjustable mortgages carried an average fee of 0.70 points.