California Mortgage Rates: Comparing Mortgage Loans and Rates Today

Mortgage rates today in California are very low right now but searching for and comparing current mortgage rates will help ensure you get the lowest mortgage rates available. Whether you're buying a new home or looking for low refinance rates to refinance an existing mortgage, now is the time to do so.

Whether you live in a large city in California like Los Angeles, San Diego, or San Francisco,  or any other of the cities or towns in CA you can find the best current mortgage rates today by searching our interest rate table for California.

CA Mortgage Refinance Rates

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #1835285

5.353%

15-Year Fixed

5.125%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$3,190 /mo

Next >

NMLS #401822

5.554%

15-Year Fixed

5.250%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,216 /mo

Next >

NMLS #1025894

5.634%

15-Year Fixed

5.490%

$3,760

Includes 0.765 points for $3,060

Lender Fees: $700

$3,267 /mo

Next >

NMLS #6606

5.884%

15-Year Fixed

5.740%

$3,732

Includes 0.933 points for $3,732

Lender Fees: $0

$3,320 /mo

Next >

NMLS #1835285

6.266%

30-Year Fixed

6.125%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$2,431 /mo

Next >

NMLS #1835285

6.371%

5-Year ARM

6.250%

$5,112

Includes 0.778 points for $3,112

Lender Fees: $2,000

$2,463 /mo

Next >

NMLS #1025894

6.582%

30-Year Fixed

6.490%

$3,856

Includes 0.789 points for $3,156

Lender Fees: $700

$2,526 /mo

Next >

NMLS #6606

6.715%

30-Year Fixed

6.625%

$3,708

Includes 0.927 points for $3,708

Lender Fees: $0

$2,562 /mo

Next >

NMLS #401822

6.746%

30-Year Fixed

6.625%

$4,995

Includes 0.750 points for $3,000

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #3030

6.784%

15-Year Fixed

6.625%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,512 /mo

Next >

NMLS #3030

7.476%

30-Year Fixed

7.375%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,763 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

If you're thinking about refinancing your home loan in California, the main factor in determining if refinancing makes financial sense is your current home loan must be at least 1.00 percent higher than current refinance rates available today.  Current conforming 30 year refinance rates are around 4.00% and 15 year refinance rates are around 3.25%. Jumbo refinance rates are slightly higher. 30 year jumbo refinance rates are around 4.50% and 15 year jumbo rates are around 3.75%.

Another factor to consider when refinancing is how long you plan to be in your current residence in California. If you're planning on moving in a year or two, refinancing your home doesn't make financial sense. You won't recoup the costs involved in refinancing and when you refinance, you restart the amortization process, so most of your mortgage payment goes towards interest instead of principal.

If you're planning on staying in your current home you should seriously consider refinancing with a shorter term mortgage. Freddie Mac released a mortgage report showing the most common refinance move was from a fixed 30 year mortgage rate to a fixed 15 year mortgage rate.

When searching for rates, also search for shorter term rates like 15 year rates or even 10 year rates. If you can afford to pay more in monthly mortgage payments you'll end up paying a lot less in mortgage interest over the life of the loan with a short term mortgage. Another positive is short term mortgage rates and refinance rates are usually lower than longer term rates.

Types of home loans available in California

The most common type of mortgages in CA are 30 year fixed mortgage loans. Since housing costs are high in California, jumbo mortgages are also popular. Other fixed rate mortgages available include 40 year mortgage, 25 year mortgage rates, 20 year mortgage rates and 10 year mortgage rates. Keep in mind that the longer the term of the mortgage, the more interest you will pay over the life of the loan.  Fixed rate mortgages are the most secure type of mortgage because the mortgage rate never changes. The borrower knows how much their mortgage payment will be for each and every month. There are adjustable mortgages which have interest rates that can adjust at any time, causing your monthly mortgage payments to increase or decrease at any time, within the parameters of the loan agreement.