California Mortgage and Refinance Rates

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Current California Mortgage Rates

Average market rates for 10-04-2023 in California are 7.325% for 30 Year Fixed Purchase and 7.426% for 30 Year Fixed Refinance

DateProductRate
10-04-202330 Year Fixed Purchase7.325%
10-04-202330 Year Fixed Refinance7.426%

California Purchase Rates

DateProductRate
10-04-202315 Year Fixed Purchase6.54%
10-04-202315 Year fixed Jumbo Purchase6.872%
10-04-202330 Year Fixed Purchase7.325%
10-04-202330 Year Fixed Jumbo Purchase7.823%

California Refinance Rates

DateProductRate
10-04-202315 Year Fixed Refinance6.532%
10-04-202315 Year fixed Jumbo Refinance6.857%
10-04-202330 Year Fixed Refinance7.426%
10-04-202330 Year Fixed Jumbo Refinance7.9%

California ARM Rates

DateProductRate
10-04-20235/6 ARM SOFR Purchase7.075%
10-04-20235/6 ARM SOFR Refinance6.994%
10-04-20235/6 ARM Jumbo SOFR Purchase6.519%
10-04-20235/6 ARM Jumbo SOFR Refinance6.519%

How we source rates and rate trends

Most Common Mortgage Types in California

  • Conventional: 260,194 loans
  • FHA: 39,519 loans
  • VA: 19,296 loans
  • USDA: 681 loans

Top Purchase Lenders in California by Volume

  • Rocket Mortgage, LLC: 19,842 loans
  • Wells Fargo Bank: 11,523 loans
  • Loandepot.com, LLC: 10,005 loans
  • First Republic Bank: 7,220 loans
  • U.S. Bank: 6,895 loans
  • Bank Of America: 6,690 loans
  • Home Point Financial Corporation: 6,561 loans
  • Crosscountry Mortgage, LLC: 6,183 loans
  • American Pacific Mortgage Corporation: 5,926 loans
  • JPMorgan Chase Bank: 5,473 loans

Top Refinance Lenders in California by Volume

  • Rocket Mortgage, LLC: 7,100 loans
  • Bank Of America: 5,127 loans
  • Wells Fargo Bank: 4,509 loans
  • Finance Of America Reverse LLC: 3,434 loans
  • American Advisors Group: 3,220 loans
  • U.S. Bank: 3,113 loans
  • JPMorgan Chase Bank: 2,714 loans
  • Loandepot.com, LLC: 2,383 loans
  • Mufg Union Bank: 2,170 loans
  • Home Point Financial Corporation: 2,045 loans

Top Cash-Out Refinance Lenders in California by Volume

  • Rocket Mortgage, LLC: 23,933 loans
  • Loandepot.com, LLC: 7,430 loans
  • Logix Federal Credit Union: 5,713 loans
  • Wells Fargo Bank: 5,495 loans
  • Home Point Financial Corporation: 4,850 loans
  • Nationstar Mortgage LLC: 4,657 loans
  • JPMorgan Chase Bank: 4,011 loans
  • Flagstar Bank, Fsb: 3,555 loans
  • Pennymac Loan Services, LLC: 3,504 loans
  • Freedom Mortgage Corporation: 3,281 loans

How we source lender data

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