Table of Contents
Current California Mortgage Rates
The average mortgage rates in California for September 24, 2023 are 6.984% for purchasing a home and 7.095% for refinancing a home.
| Mortgage Type | Rate (%) |
|---|---|
| 30 Year Fixed Purchase | 6.984 |
| 30 Year Fixed Refinance | 7.095 |
30-Day Rate Trend in California
California Purchase Rates
| Mortgage Type | Rate (%) |
|---|---|
| 15 Year Fixed Purchase | 6.203 |
| 15 Year fixed Jumbo Purchase | 6.658 |
| 30 Year Fixed Purchase | 6.984 |
| 30 Year Fixed Jumbo Purchase | 7.544 |
California Refinance Rates
| Mortgage Type | Rate (%) |
|---|---|
| 15 Year Fixed Refinance | 6.198 |
| 15 Year fixed Jumbo Refinance | 6.662 |
| 30 Year Fixed Refinance | 7.095 |
| 30 Year Fixed Jumbo Refinance | 7.666 |
California ARM Rates
| Mortgage Type | Rate (%) |
|---|---|
| 5/6 ARM SOFR Purchase | 7.083 |
| 5/6 ARM SOFR Refinance | 7.175 |
| 5/6 ARM Jumbo SOFR Purchase | 6.633 |
| 5/6 ARM Jumbo SOFR Refinance | 6.667 |
Most Common Mortgage Types in California
- Conventional: 260,194 loans
- FHA: 39,519 loans
- VA: 19,296 loans
- USDA: 681 loans
» MORE: See today’s refinance rates
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 purchase and refinance lenders and usage statics are for retail (direct to consumer) lenders and made available through lender reporting from the 2022 Home Mortgage Disclosure Act (HMDA).
California mortgage rate data in the charts and tables above comes from RateUpdate.com. The displayed rates come from multiple providers and represent market averages. Your mortgage rate will differ based on individual factors like your credit score as well as differing loan types and terms offered by lenders.