Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Verisign

California Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $300,232 $175,000 $245,000 $385,000
Property Values $490,981 $235,000 $375,000 $610,000
Average LTV 70.5%
Percent Refinance 86.3%
Pct of Refis Cashout 8.5%

California Mortgage Rates

Finding the lowest rate mortgage in sunny California will take some organization on your part-maybe more organization than it takes to navigate the Golden State's freeway system. The fact is, you have many mortgage options, and comparing all of them can be a chore. Start by deciding what type of cost savings is most important to you: the best interest rate, the lowest possible payment, or low overall interest expenses. No matter which objective you're after, and whether you're refinancing or purchasing, you can find a mortgage loan that will meet your needs. The options available in California include fixed-rate mortgages, adjustable-rate mortgages, home equity loans, and home equity lines of credit.

MortgageLoan.com has a host of resources to help you find and evaluate these options. You can easily compare mortgage rates by loan type, or use our mortgage calculators to compare payments. You can also review amortization tables and browse California brokers and lenders in our broker directory.

Sebonic Financial

3.916%APR

Rates as of: 7/23/2014 30 Yr. Fixed
  • Learn how we transformed home lending into an enjoyable experience.
  • We changed the process to make it better, faster and easier for you.
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Call Now: 877-719-2101

Rate APR Term Point Payment
  • 3.750%
  • 4.000%
  • 4.000%
  • 3.916%
  • 4.083%
  • 4.000%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $949
  • $979
  • $979

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

California Rate Map

This California Rate Map lets you see what sort of mortgage rates other borrowers around the state have been able to obtain. Each individual marker represents a single mortgage loan.

Use the map to find out what sort of mortgage rates borrowers were able to get in with various credit scores, loan amounts, loan-to-value ratios and other factors, and in various communities around the state.

This rate map project is our effort to help make the mortgage process more transparent for all borrowers. If you’d like to participate, just click on the “Share Your Rate” link above the map to anonymously share the mortgage rate you were able to get on a recent loan. Your fellow consumers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided since it is submitted by our visitors.

Mortgage Loan Types

Here's a quick review of the mortgage loan types available in California and how their rates compare to one another. Fixed-rate mortgages (FRMs) carry the same interest rate and payment amount throughout the loan's life. These mortgages usually mature in 30 years, but lower rate, 15-year programs are also common. Adjustable-rate mortgages (ARMs) start out with low rates and low monthly payments, but are subject to rate increases over time. Second mortgages, which include home equity loans and HELOCs, can carry a fixed or adjustable interest rate. Rates on second mortgages are higher than refinance rates.

Refinancing

Refinancing an existing mortgage can lower your payment, provide you with a lump sum of cash, or allow you to consolidate higher cost debt. To lower your payment, you have to refinance with a lower rate mortgage, or lengthen the loan's maturity. To consolidate or cash out, you must have sufficient equity in your home; this comes from an increase in the home's value, or from a decrease in your mortgage loan balance.

Comparing Mortgages

Ultimately, the key to getting the best rate on your mortgage or refinance is comparison shopping. Once you understand the options available to you in California, you can start comparing interest rates and gathering lender quotes. Don't assume that you'll be offered a lender's lowest advertised rate; these are reserved for borrowers with above-average credit. If you have bad credit, it might be helpful to review California rates by credit quality and loan type.

As you collect quotes, take care to compare your options on an apples-to-apples basis-some mortgage rate quotes, for example, may assume the upfront payment of points, while others may be quoted without points.

To sum it up, here's how to find the best mortgage rates in California, step-by-step:

  1. Review and compare market rates
  2. Calculate payments and amortization tables for different loan types
  3. Contact lenders and brokers to request quotes

Additional Local Rates Pages

See Los Angeles, San Diego, San Jose and San Francisco.