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California

Current California Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in California. Review free, personalized mortgage rates for California based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in California. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for California as of August 22, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's California Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in California is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
California Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in California?

The median home value for California is $615,255

The median household income for California is $71,105

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in California is $114,149

The home price you can afford to by based on household income in California is 62% of the median home value which means housing prices are very expensive. California ranks 49 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in California is very expensive

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Additional Mortgage Resources for California Residents

Mortgage Rates for California Cities

Bakersfield Mortgage Rates

Chico Mortgage Rates

El Centro Mortgage Rates

Fresno Mortgage Rates

Hanford Mortgage Rates

Humboldt Mortgage Rates

Lake Mortgage Rates

Los Angeles Mortgage Rates

Madera Mortgage Rates

Marin Mortgage Rates

Mendocino Mortgage Rates

Merced Mortgage Rates

Modesto Mortgage Rates

Monterey Mortgage Rates

Napa Mortgage Rates

Nevada City Mortgage Rates

Oakland Mortgage Rates

Orange County Mortgage Rates

Oxnard Mortgage Rates

Placerville Mortgage Rates

Redding Mortgage Rates

Richmond Mortgage Rates

Riverside Mortgage Rates

Roseville Mortgage Rates

Sacramento Mortgage Rates

San Bernardino Mortgage Rates

San Diego Mortgage Rates

San Francisco Mortgage Rates

San Jose Mortgage Rates

San Luis Obispo Mortgage Rates

San Mateo Mortgage Rates

Santa Barbara Mortgage Rates

Santa Cruz Mortgage Rates

Sonoma Mortgage Rates

Stockton Mortgage Rates

Sutter Mortgage Rates

Vallejo Mortgage Rates

Visalia Mortgage Rates

Yolo Mortgage Rates

Yuba Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index