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 | 7.42% | 7.47% | 7.52% | |
| California | 7.15% | 7.20% | 7.25% | |
| Credit Unions | 6.75% | 6.80% | 6.95% | 9.2/10 |
| Online lenders | 6.85% | 6.90% | 7.05% | 8.4/10 |
| Banks | 7.15% | 7.20% | 7.25% | 7.2/10 |
| 30 year fixed | 7.15% | 7.20% | 7.25% | |
| 30 year fixed FHA | 6.12% | 6.17% | 6.22% | |
| 30 year fixed VA | 6.95% | 7.00% | 7.05% | |
| 30 year fixed Jumbo | 7.38% | 7.76% | 7.95% | |
| 20 year fixed | 7.17% | 7.22% | 7.27% | |
| 15 year fixed | 6.52% | 6.57% | 6.62% | |
| 10 year fixed | 6.57% | 6.62% | 6.67% | |
| 3 year ARM | 7.57% | 7.62% | 7.67% | |
| 5 year ARM | 6.81% | 6.86% | 6.91% | |
| 7 year ARM | 6.82% | 6.87% | 6.92% | |
| 10 year ARM | 7.13% | 7.18% | 7.23% | |
| Satisfaction | 9.2/10 | 7.9/10 | 8.2/10 |
Source: MFP’s Community Home Purchase Rates Survey from the last 30 days.
How California Compares to National Averages
- California mortgage rates (7.15% for best credit scores) are slightly below national averages (national average: 7.42%).
- Credit unions are more competitive: In California, credit unions offer 6.75%, banks 7.15%, online lenders 6.85%.
Mortgage Options in California
- 30 year fixed: 7.15% - most popular long-term option for predictable payments
- 20 year fixed: 7.19% - balance between payment size and interest savings
- 15 year fixed: 6.52% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 6.59% - shortest fixed-term option with competitive rates
- 10 year variable: 7.59% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.81% - A mid-term variable option...
- 5 year variable: 6.80% - Shorter-term variable mortgage...
- 3 year variable: 7.15% - 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
Condos make up a large share of housing in cities like Los Angeles, Long Beach, and San Francisco, and financing one works a bit differently than a single-family home. See our condo and HOA buying guide before you make an offer.
California Best Mortgage Lenders
See which California lenders are most recommended for a home mortgage by community members surveys in the State and its main metro areas.
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 Info for California Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
California First-Time Home Buyer: Guide for first home buyers.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Mortgage Documents Checklist: What you’ll need to apply, including special cases like self-employed and condo buyers.
California Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in California: Community rated lenders by city.
California Home Insurance Cost: Average premiums and top rated local insurers.
Resources for California Homeowners: Grants and assistance programs statewide.