California Mortgage and Refinance Rates

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Current California Mortgage Rates

Average market rates for September 17, 2024 in California are 5.60% for 30-year fixed purchase and 5.65% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase5.60%5.71%
30-year Fixed Refinance5.65%5.76%
Rates based on market averages as of Sep 17, 2024.
ProductRateAPR
30-year Fixed Purchase5.60%5.71%
30-year Fixed Refinance5.65%5.76%
Rates based on market averages as of Sep 17, 2024.

California Purchase Rates

ProductRateAPR
15-year Fixed Purchase4.67%4.83%
15-year Fixed Jumbo Purchase5.09%5.24%
30-year Fixed Purchase5.60%5.71%
30-year Fixed Jumbo Purchase6.12%6.23%
Rates based on market averages as of Sep 17, 2024.

California Refinance Rates

ProductRateAPR
15-year Fixed Refinance4.68%4.83%
15-year Fixed Jumbo Refinance5.09%5.24%
30-year Fixed Refinance5.65%5.76%
30-year Fixed Jumbo Refinance6.23%6.34%
Rates based on market averages as of Sep 17, 2024.

California ARM Rates

ProductRateAPR
5/6 Arm (purchase)6.19%6.32%
5/6 Arm (refinance)6.28%6.40%
5/6 Jumbo Arm (purchase)5.74%5.79%
5/6 Jumbo Arm (refinance)5.75%5.81%
Rates based on market averages as of Sep 17, 2024.

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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