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Muni bonds

An offering in the news …

CALIFORNIA ST MUN FIN AUTH REVENUE OID

REF-CMNTY MED CENTERS-SER A

Rating: Baa1(Moody’s)/A-(S&P)

Interest Rate: 4.00%

Maturity: 2/1/2042

Call Features: 2/1/2027 @ 100

Yield to Call: 4.00%

Yield to Maturity: 4.00%

Mortgage rates

The 30-year fixed-rate mortgage averaged 4.30% during the December 22 week, up from 4.16% in the prior week. The 15-year fixed-rate mortgage averaged 3.52%, up 15 basis points during the week.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.32%, up from 3.19%.

Muni bond exemption

Trump on Muni bond exemption.

“He’s the president-elect, and he said he would keep it,” said Tom Cochran, CEO and executive director of the U.S. Conference of Mayors, following a half-hour meeting with Donald Trump in New York.