30-Year Fixed Rate Mortgage Trends Down

The average 30-year fixed-rate mortgage remains below 7% for the twelfth straight week, continuing a downward trend and boosting buyer confidence. With purchase applications on the rise, the spring housing market is gaining momentum and shaping up to be stronger than last year.

According to Zillow, rates have ticked up slightly over the last two days. The 30-year purchase rate now sits at 6.87%, up 18 basis points since yesterday, while the 30-year refinance rate has increased to 6.91%. The 15-year fixed purchase rate has jumped to 6.26%, and the refinance rate now stands at 6.30%.

These shifts mirror movement in the 10-year Treasury yield, a key indicator mortgage rates often follow. All eyes are now on today’s Consumer Price Index (CPI) report—a crucial measure of inflation—which may influence rate trends in the coming days.

Now may be a good time to explore financing options!

Las Cazuelas Restaurant & Pupuseria

Las Cazuelas is more than just a restaurant—it’s a cherished part of the Highland Park community, proudly serving authentic Salvadoran cuisine for over 30 years. Every dish is crafted with love and tradition, using recipes passed down from Mama Ney, bringing the true flavor of El Salvador to Los Angeles. We’re rooted in culture and built on community, offering a warm, welcoming space where families, friends, and neighbors gather to enjoy food that feels like home. From the freshest, locally sourced ingredients to the heartfelt hospitality, our mission is to honor our roots while sharing them with others. At Las Cazuelas, every bite tells a story, and every guest is treated like part of our familia. Whether it’s your first visit or you’ve been coming for years, we invite you to sit down, savor a meal, and experience why Las Cazuelas has remained a beloved destination for generations.

322 N Avenue 66 #5

Los Angeles, CA 90042

Discover the charm of Garvanza Neighborhood, ideally located adjacent to South Pasadena and Pasadena. Nestled alongside the picturesque Arroyo Seco River, this serene area offers easy access to the Arroyo Seco Golf Course and nearby recreational spots. This spacious 1-bedroom, 1-bathroom unit is in its original pristine condition, maintaining timeless appeal. Enjoy the convenience of an in-unit washer and dryer, perfect for modern living. Additionally, the unit comes with an enclosed garage and an extra covered parking space, providing ample parking. Experience a peaceful lifestyle with excellent amenities in this highly sought-after neighborhood. Don’t miss out!

Property Features:

- 1 Bedrooms & 1 Bath

- 639 Square Ft

- Condo

- 1 Car Garage

Don’t miss this amazing opportunity.