current mortgage rates ca 30 year fixed

The current average 30-year fixed mortgage refinance rate fell to 2.81%. California's rate of 2.81% is 1 basis point lower than the national average of. Monthly Average Commitment Rate And Points On 30-Year Fixed-Rate Mortgages Since 1971. 2022, 2021, 2020, 2019, 2018. Rate, Pts, Rate, Pts, Rate. Travis Credit Union offers checking accounts, savings accounts, mortgages, car loans, credit cards FHA 30-year Fixed Mortgage. Rates subject to change.

Current mortgage rates ca 30 year fixed -

Best California Mortgage and Refinance Rates for November 2021

If you’re looking to relocate to the west coast, it’s important to know that while mortgage rates in California are slightly below the national average, the higher property costs in certain areas need to be looked at closely before buying.

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Mortgage Rates

Arizona Mortgage Banker License # 0911088. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Colorado office: 700 17th St, Suite 200, Denver, CO 80202, (833) 216-6680. Massachusetts Mortgage Lender License # MC35953. Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. §47.206 (3) & (4). Licensed by the N.J. Department of Banking and Insurance. North Carolina Permit No. 119504607, 119505929, 119506567, 119506570, 119507419. Rhode Island Lender License # 20092600LL. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. For more information, review PennyMac's state licenses and important notices. Loans not available in New York. Some products may not be available in all states. Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. All loan programs subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Other restrictions apply. (11-2021)

February 12, 2021

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

Check out the mortgage rates for February 12, 2021, which are trending up from yesterday. (iStock)

Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have risen since yesterday.

  • 30-year fixed-rate mortgages: 2.625%, Unchanging
  • 20-year fixed-rate mortgages: 2.500%, Up from 2.375%, +0.125
  • 15-year fixed-rate mortgages: 2.000%, Unchanging

Rates last updated on February 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

To find the best mortgage rate, start by using Credible, which can show you current mortgage and refinance rates:

Browse rates from multiple lenders so you can make an informed decision about your home loan.

Looking at today’s mortgage refinance rates

Today’s mortgage refinance rates have risen since yesterday. Though 20-year fixed mortgages bumped up by 250 basis points today, 15-year rates have not budged from 2.125% in four consecutive days. If you’re considering refinancing an existing home, check out what refinance rates look like:

  • 30-year fixed-rate refinance: 2.750%, Unchanging
  • 20-year fixed-rate refinance: 2.750%, Up from 2.500%, +0.250
  • 15-year fixed-rate refinance: 2.125%, Unchanging

Rates last updated on February 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

A site like Credible can be a big help when you’re ready to compare mortgage refinance loans. Credible lets you see prequalified rates for conventional mortgages from multiple lenders all within a few minutes. Visit Credible today to get started.

Current mortgage rates

Mortgage interest rates are on the rise again today, with 15-year rates bumping up to 2.500%.

Current 30-year fixed-rate mortgages

The current interest rate for a 30-year fixed-rate mortgage is 2.625%. This is the same as yesterday.

Current 20-year fixed-rate mortgages

The current interest rate for a 20-year fixed-rate mortgage is 2.500%. This is up from yesterday. 

Current 15-year fixed-rate mortgages

The current interest rate for a 15-year fixed-rate mortgage is 2.000%. This is the same as yesterday.

You can explore your mortgage options in minutes by visiting Credible to compare current rates from various lenders who offer mortgage refinancing as well as home loans. Check out Credible and get prequalified today, and take a look at today’s refinance rates through the link below.

Rates last updated on February 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

How mortgage rates have changed

Today, mortgage rates are down compared to this time last week.

  • 30-year fixed-rate mortgages: 2.625%, the same as last week 
  • 20-year fixed-rate mortgages: 2.500%, the same as last week
  • 15-year fixed-rate mortgages: 2.000%, down from 2.500% last week, -0.500

Rates last updated on February 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

If you’re trying to find the right rate for your home mortgage or looking to refinance an existing home, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes.

The factors behind today’s mortgage rates

Current mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine the rates you’re offered.

Larger economic factors

  • Strength of the economy
  • Inflation rates
  • Employment
  • Consumer spending
  • Housing construction and other market conditions
  • Stock and bond markets
  • 10-year Treasury yields
  • Federal Reserve policies

Personal economic factors

  • Credit score
  • Credit history
  • Down payment size
  • Loan-to-value ratio
  • Loan type, size, and term
  • Debt-to-income ratio
  • Location of the property

How to get your lowest mortgage rate

If you want low mortgage rates, improving your credit score and paying down any other debt could secure you a lower rate. The size of your down payments also affects mortgage rates, with a low down payment likely to yield you a higher rate. 

It’s also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research from Freddie Mac, borrowers can save $1,500 on average over the life of their loan by shopping for just one additional rate quote — and an average of $3,000 by comparing five rate quotes. 

Credible can help you compare current rates from multiple mortgage lenders at once in just a few minutes. Are you looking to refinance an existing home? Use Credible’s online tools to compare rates and get prequalified today.

Mortgage interest rates by loan type

Whether you’re a first-time homebuyer shopping for a 30- or 15-year mortgage, or you’re looking to refinance an existing home, Credible can help you find the right mortgage for your financial goals.

Be sure to check out these loan rates, which you’ll be able to compare by annual percentage rate (APR) as well as interest rate:

Mortgage refinance:

Home purchase:

More resources on getting a home loan

Want to learn more about how to get a mortgage? Take a look at the following articles:

Источник: is an independent publisher and advertising-supported comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. The products and offers that appear on this site are from companies from which receives compensation. This compensation may impact how, where and in what order products or offers appear on this site. does not include the entire universe of available financial products or credit offers.
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Current California Mortgage and Refinance Rates

Compare today’s average mortgage rates in the state of California, based on an aggregated pool of rates from multiple sources.

ProductRateRate Last Week
30-Year Fixed Rate3.090%3.140%
15-Year Fixed Rate2.370%2.390%
5/1 ARM Rate2.440%2.670%
30-Year Jumbo Mortgage Rate3.090%3.140%
30-Year Fixed Refinance Rate3.090%3.120%

Rates data based on Sacramento, California as of 10/29/2021

Mortgage Rates Trends

In this graph:

Onthe APR was for current mortgage rates ca 30 year fixed 30-year fixed rate, for the 15-year fixed rate, and for the 5/1 adjustable-rate mortgage rate. These rates are updated almost every day based on Bankrate’s national survey of mortgage lenders. Toggle between the three rates on the graph and compare today’s rates to what they looked like in the past days.

Note: Not sure how much house you can afford? Use our mortgage calculator to find out.

While California is a beautiful state, many areas within the state are very expensive to buy a home or live in — which is especially true in the coastal areas. Plus, the cost of living in California is high, homeowner’s insurance is high and the home prices in some areas are astronomical. With that said, the current mortgage and refinance rates in California are slightly below the national average. Considering that buying a home in California can amount to a massive expense, the low current interest rates will help you save money on your mortgage expenses — even if they can’t make the price tag of the home more affordable. Compare national mortgage rates to see how they stack up against California rates.

Getting a mortgage in California

When it comes to buying a house in California, what you pay will depend heavily on where you buy. The costs of living and buying current mortgage rates ca 30 year fixed home can vary wildly from one city to the next, much like it can in New York state. There are several factors you can weigh, though, to get a better picture of the overall costs of living in California.

Two of those factors are the median home price and median monthly ownership costs for homes in California, which are significantly higher than the national average across the board. The state also has the 11th highest average cost of homeowner’s insurance, and when it comes to the cost of living, the state ranks as the 2nd most expensive, only after Hawaii.

All of these factors should be weighed together to get an accurate picture of the costs and benefits — as well as the potential downsides — of buying in California.

  • Median home price: $475,900
  • Average 30-year fixed rate: 3.07%
  • Median monthly ownership cost: $2,282
  • Homeownership rate: 54.6%

*Rates and data as of September 23, current mortgage rates ca 30 year fixed. Assuming 3.210% APR national average on a 30-year fixed-rate mortgage.

California state mortgage rate trends

Mortgage rates in California have followed roughly the same trend as the rest of the nation over the last two years. Rates were constant through mid-2018 and then spiked upward at the end of 2018 and the start of 2019. Following the spike, the rates began a slow descent, eventually landing at the lower rates, where they currently sit.

All fixed-rate loan products followed the same trend upward and then downward trend as the 30-year fixed-rate loans. In May 2018, interest united automobile insurance customer service phone number for 30-year fixed-rate loans were at about 4.25%, and those rates are just above the 3% mark currently. Rates have been fairly current mortgage rates ca 30 year fixed over the last year, whereas many other states in the country have seen sustained drops.

California state current mortgage rates

The average 30-year fixed-rate current mortgage rates ca 30 year fixed loan in California currently has an interest rate of about 3.06%. The interest rates for 20-year loans are slightly higher, averaging about 3.17%. Interest rates for both of these loan types have been holding steady recently, but the interest rates for 15-year fixed-rate loans have dropped dramatically over the past few months and now average about 2.74%.

The most significant recent rate drop was on adjustable-rate mortgages. The average interest rates for 7/1 or 5/1 ARM loans are about 3.56% and 3.05% respectively. Those rates were much higher just a few months ago. It’s important to keep in mind, though, that all of these rates assume a 20% down payment and a credit score of 740 or higher. Your exact rate will vary by lender, the type and size of the loan, and your creditworthiness.

Most and least expensive places to live in California

Least expensive places to live in California

  1. Twentynine Palms, CA — Twentynine Palms, which is one of the training grounds for the U.S. Marines, is also one of the least expensive places to live in California, even if Uncle Sam isn’t paying for it. The median value of a home in the area is only $132,200. The monthly costs of homeownership in Twentynine Palms is only $1,154 — which is over $400 below the national average.
  2. El Centro, CA — The median monthly cost of owning a home in El Centro is right on par with the national average, but it’s well below the rest of California. The median cost of a home in El Centro is $182,300.
  3. Barstow, CA — Barstow, which is halfway between Los Angeles and Vegas, is a small California town with an affordable cost of living. The median value of a home in Barstow is only $107,100 and the median monthly cost of ownership is $1,116. The median gross rent in the city is $740 monthly.
  4. California City, CA — At 10% below the national average, the cost of living in California City is much lower than the rest of California. Housing costs in the city are 56% below the national average and the median rent is $475.98. Buying a home in California City is also affordable, with the median home price at $151,946.
  5. Calexico, CA — Living in Calexico is slightly more expensive than the other cities on this list, but is still well below the cost of living in the rest of the state. The median price of a current mortgage rates ca 30 year fixed in Calexico is $196,500. The median rent in the area is still affordable at $906.

Most expensive places to live in California

  1. Los Altos, CA — The cost of living in Los Altos comes in 197% higher than the national average. Housing is an eye-popping 694% above the national average. The median home price in the city is $2,756,569 and the median rent is $8,635 monthly.
  2. Stanford, CA — Living in Stanford is extremely pricey for the average person, especially when it comes to housing. Housing in Stanford is 517% above the national average, which equates to a median home price of $2,140,883 and a median rent of $6,706.
  3. Palo Alto, CA — Palo Alto, which is home to many tech firms, is not a cheap place to live. The cost of groceries in Palo Alto is 48% higher than the national average. Expect to pay almost $5 for a loaf of bread. The median home price in the city is $438,753 and the median rent in the city is $1,374 monthly.
  4. Los Angeles, CA — The home of Bank asia student account and the film industry is also home to some of the most expensive living costs in California. Securus phone number to add money to account costs in LA are 127% above the national average and transportation costs are 31% higher. The median home price in the city is $788,384 and the median rent in the city is $2,470 per month.
  5. Atherton, CA — Housing, grocery and transportation costs in Atherton are all much higher than the national average. Housing is 55% higher than the national average, with a median home price of $537,872 and a median rent of $1,685.

*Data source: PayScale and

California state mortgage resources and intricacies

Homebuyers looking to move west or purchase a home in the state of California have several resources they can consult during the process. For starters, check out the HUD website for the state or the California Housing Finance Agency (CHFA) website. If you have specific questions about the nuances of applying for a mortgage, refinancing or buying a home in Current mortgage rates ca 30 year fixed, a mortgage banker or realtor licensed to work in the state can be a great asset.

You’ll also want to look at tax rates when deciding whether to buy in the state. While the exact rate you’ll pay varies by the county and city you choose to buy in, the effective tax rate for the entire state was 0.74%.

The final word

If you’re considering a purchase in the Golden State, you may have some incredibly beautiful home options to choose from. When you look at the overall picture, though, you may be paying a pretty penny for housing and other living costs in some of bank of america customer service lost credit card areas. Still, with mortgage rates slightly below the national average, it may be a good opportunity to buy in California if you’re thinking about heading out west.

Jason Lee

Personal Finance Contributor

Jason Lee is a seasoned copywriter with a passion for writing about banking, tech, personal growth, and personal finance. As a business owner, relationship strategist, and officer in the U.S. military, Jason enjoys sharing his unique knowledge base and skill set with the rest of the world.


Today's mortgage rates bump up again NMLS Consumer Access

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Historical Mortgage Rates: Averages and Trends from the 1970s to 2020

Since 1971, historical mortgage rates for 30-year fixed loans have hit historic current mortgage rates ca 30 year fixed and lows due to various factors. Using data from Freddie Mac’s Primary Mortgage Market Survey (PMMS), we’ll do a deep dive into what’s driven historical mortgage rate movements over time, and how they affect buying or refinancing a home.

Historical mortgage rates: 1971 to 2020

In 1971, the same year when Freddie Mac started surveying lenders, 30-year fixed-rate mortgages hovered between 7.29% to 7.73%. The annual average rate of inflation began rising in 1974 and continued through 1981 to a rate of 9.5%. As a result, lenders increased rates to keep up with unchecked inflation, leading to mortgage rate volatility for borrowers.

The Federal Reserve combated inflation by increasing the federal funds rate, an overnight benchmark rate that banks charge each other. Continued hikes in the fed funds rate pushed 30-year fixed mortgage rates current mortgage rates ca 30 year fixed an all-time high of 18.63% in 1981. Eventually, the Fed’s strategy paid off, and inflation fell back to normal historical levels by October 1982. Home mortgage rates remained in the single-digits for much of the next two decades.

The mortgage rates trend continued to decline until rates dropped to 3.31% in November 2012 — the lowest level in the history of mortgage rates. To put it into perspective, the monthly payment for a $100,000 loan at the historical peak rate of 18.63% in 1981 was $1,558.58, compared to $438.51 at the historical low rate of 3.31% in 2012.

This year, interest rates are expected to stay around 3.8%, according to Freddie Mac. This is good news for consumers as home prices continue to rise.

current mortgage rates ca 30 year fixed colspan="1" rowspan="1">3.31%4.08%3.66%

Show All Rows

Comparing 30-year fixed rates vs. 15-year fixed rates

Looking at interest rates over time, 30-year fixed mortgage rates have always trended slightly higher than 15-year interest rates. That’s because the lender takes on extra risk that you might default over a longer period of time. Comparing a 30-year mortgage rates chart and a 15-year mortgage rates chart, you’ll see that rates remain near historic lows.

Homebuyers often choose a 30-year fixed mortgage for the stability of a fixed, low monthly payment. The higher rate and longer loan term result in higher lifetime interest charges.

Fifteen-year fixed mortgage rates, however, are typically lower. That means you pay less interest over the life of the loan. The shorter repayment schedule increases your principal and interest payments, though.

Lenders offer more than just 30- and 15-year terms. You may find 10- to 40- year terms at some lenders.

Below is an example of the cost difference between a 15- and 30-year fixed mortgage at current mortgage rates.

15 Years$250,000˟3.04%˟˟$1,731.27$61,628.17$0$97,552.65
30 Years$250,000˟3.6%˟˟$1,136.61$159,180.82$594.66$0

Fixed-rate loans vs. adjustable-rate mortgages

Average rates for five-year adjustable-rate-mortgages (ARMs) have historically offered lower initial rates than 30-year fixed-rate mortgages. If you compare mortgage rates since 2005, 5-year ARM rates have trended lower than 30-year fixed rates. Interest rates for ARMs are 0.37 percentage points lower than fixed-rate mortgages through 2019.

With lower initial interest-rate periods available from three to 10 years, ARMs could offer short-term savings for homebuyers. If fixed rates are lower, though, it makes sense to consider refinancing your ARM to a fixed loan before the ARM resets.

The savings offered with an ARM are temporary. Once the initial low-rate period expires, the rate will adjust based on the index and margin you agreed to, and can’t rise above a certain level, called a cap.

The index is the moving part of your ARM and is tied to a benchmark rate. The margin is the fixed part and is added to the index to determine your rate after the initial-rate period passes.

For example, a 5/1 ARM loan with 2/2/6 caps means:

  • The first adjustment can’t exceed 2% above the initial rate.
  • The second adjustment can’t exceed 2% per year for subsequent adjustments.
  • The maximum rate increase is 6% above the start rate for the life of what is a merrill lynch edge account loan.

How historical mortgage rates affect homebuying

When mortgage rates are lower, buying a home is more affordable. A lower payment may also help you american savings bank hawaii kai hours for a more expensive home. The Consumer Financial Protection Bureau (CFPB) recommends keeping your total debt, including your mortgage, to 43% of what you earn before taxes (known as your debt-to-income ratio, or DTI).

When rates are higher, an ARM may give you temporary payment relief if you plan to sell or refinance before the loan resets. Ask your lender about convertible-ARM options that allow you to convert your loan to a fixed-rate mortgage without current mortgage rates ca 30 year fixed to refinance before the fixed-rate period expires.

How historical mortgage rates affect refinancing

When mortgage interest rates slide, refinancing becomes more attractive to homeowners. A refinance replaces your current loan with a new loan, typically at a lower rate. The extra monthly savings could give you wiggle room in your budget to pay down other debt or boost your savings.

If the equity in your home has grown, you can tap it with a cash-out refinance and make home improvements. With this type of refinance, you’ll take on a loan for more than you owe. You can use the extra as cash to make home improvements or pay off other debt. Lower rates may help minimize the larger monthly payment.

When rates go up, there’s less financial benefit to refinancing. Another caveat to refinancing, in general, is ensuring that you stay in your home long enough to recoup closing costs. To do this, divide the total loan costs by your monthly savings. The result tells you how many months it takes to recoup refinance costs, called the breakeven. The quicker you reach your breakeven, typically, the more cost-effective the refinance becomes.


Today’s mortgage rates in California

Living in the Golden State

As one of the largest states in the country, California has it all. From Hollywood to Yosemite National Park, beachfront towns to wine country, Californians can find plenty to see and explore.

California first-time home buyer programs

First-time home buyer assistance programs in California and across the U.S. offer loans, grants, down payment assistance and tax credits. But availability and qualification requirements can vary. Contact your U.S. Bank mortgage loan officer for more jora credit com login about programs available in California.

Find a mortgage loan officer in California.

Our local mortgage loan officers understand the specifics of the California market. Let us help you navigate the mortgage process so you can focus on finding your dream home.

Find a mortgage loan officer

Take the next step.

Prequalification helps you see how much you might be able to borrow.


If you’ve already found your dream home or are interested in refinancing an existing mortgage, start your application today.

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: Current mortgage rates ca 30 year fixed

Current mortgage rates ca 30 year fixed
Current mortgage rates ca 30 year fixed
current mortgage rates ca 30 year fixed

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