See the latest California mortgage rates for fixed (30Y, FHA, VA, Jumbo, 20Y, 15Y) and variable rates (10, 7, 5 and 3 year). How California compares nationally, and main lending options available across the state. Buying a home in California can be easier with today’s mortgage rates.
Mortgage Rates in California –
The table below shows today’s home purchase mortgage rates for California, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| California | 6.26% | 6.31% | 6.36% | |
| Credit Unions | 5.86% | 5.91% | 6.06% | 8.3/10 |
| Online lenders | 5.96% | 6.01% | 6.16% | 8.1/10 |
| Banks | 6.26% | 6.31% | 6.36% | 8.3/10 |
| 30 year fixed | 6.26% | 6.31% | 6.36% | |
| 30 year fixed FHA | 6.10% | 6.15% | 6.20% | |
| 30 year fixed VA | 5.80% | 5.85% | 5.90% | |
| 30 year fixed Jumbo | 6.49% | 6.87% | 7.06% | |
| 20 year fixed | 6.26% | 6.31% | 6.36% | |
| 15 year fixed | 5.93% | 5.98% | 6.03% | |
| 10 year fixed | 5.78% | 5.83% | 5.88% | |
| 3 year ARM | 7.59% | 7.64% | 7.69% | |
| 5 year ARM | 6.35% | 6.40% | 6.45% | |
| 7 year ARM | 6.34% | 6.39% | 6.44% | |
| 10 year ARM | 6.26% | 6.31% | 6.36% | |
| Satisfaction | 8.3/10 | 7.7/10 | 8.0/10 |
Source: MFP’s Community Home Purchase Rates Survey from the last 30 days.
How California Compares to National Averages
- California mortgage rates (6.26% for best credit scores) are in line with national averages (national average: 6.31%).
- Credit unions are more competitive: In California, credit unions offer 5.86%, banks 6.26%, online lenders 5.96%.
Mortgage Options in California
- 30 year fixed: 6.26% - most popular long-term option for predictable payments
- 20 year fixed: 6.26% - balance between payment size and interest savings
- 15 year fixed: 5.93% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.78% - shortest fixed-term option with competitive rates
- 10 year variable: 7.59% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.35% - A mid-term variable option...
- 5 year variable: 6.34% - Shorter-term variable mortgage...
- 3 year variable: 6.26% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Metro Mortgage Rates in California*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Los Angeles | 6.62% | 5.82% |
| San Diego | 6.57% | 5.77% |
| Sacramento | 6.52% | 5.72% |
| San Francisco | 6.67% | 5.87% |
| Fresno | 6.47% | 5.67% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings
Compare Lenders Rated by California Homeowners
California homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Rated Mortgage Lenders in California
FAQs – California Mortgage Rates
Are home purchase rates higher in California than the U.S. average?
Yes, California rates are slightly higher than the national average due to competitive housing markets and higher property values.
What credit score is best for buying a home in California?
A credit score of 720 or above is generally ideal to secure the lowest mortgage rates.
Is it better to choose a fixed-rate or ARM in California?
Fixed-rate mortgages are typically recommended for long-term stability, while ARMs may be suitable for short-term plans or refinancing strategies.
More Home Loan Information:
FHA Loans: Learn all you want to know about FHA Mortgages.
Best Mortgage Lenders in California: Community best rated mortgage lenders in the State & main cities
More Resources for California Homeowners.