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Redding

Current Mortgage Rates in Redding, California

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

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

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Mortgage Rates in Redding, CA as of October 14, 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 Redding, CA Mortgage Rates Compare?

October 14, 2019

The current average rate for a 30 year fixed rate mortgage in Redding 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
Redding, CA 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 Redding, California?

The median home value for Redding, CA (Shasta County) is $270,554

The median household income for Redding, CA (Shasta County) is $48,703

Based on current mortgage rates and a 10% down payment, you need to make $50,196 per year to buy the median priced home in Redding

The home price you can afford to buy based on household income in Redding is 97% of the median home value which means housing prices are expensive

Redding (Shasta County) ranks 25 out of 58 counties in California and 3,017 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Redding, CA is expensive

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Loan Limits for Redding, California

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Redding (Shasta County) below.

Conforming loan limits for Redding, CA

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Redding, CA

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Redding, CA

1 unit: $484,350

Additional Mortgage Resources for Redding, CA Residents

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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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index