California Mortage Rates

California Mortage Rates

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California Mortage Rates

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California Mortage Rates as of 08/27/08

PRODUCT	RATE		CHANGE
30 Year Fixed	5.97%		-0.01%
15 Year Fixed	5.55%		0.00%
30 Year Fixed Jumbo	6.76%		0.02%
15 Year Fixed Jumbo	6.43%		0.01%
5 Year Balloon	6.38%		0.00%
7 Year Balloon	6.63%		0.00%
1/1 ARM	5.71%		-0.05%
3/1 ARM	5.56%		0.03%
5/1 ARM	5.62%		-0.02%
1/1 Jumbo ARM	5.94%		0.00%
3/1 Jumbo ARM	6.07%		0.07%
5/1 Jumbo ARM	6.11%		0.00%
FHA 30 Year Fixed	5.94%		-0.10%
FHA 1 Yr ARM	5.86%		0.04%
VA 30 Year Fixed	5.88%		-0.13%

Before applying for mortage loans or mortage refinance, you should always remember that California state mortage rates fluctuate on a daily basis. Therefore it is important to revisit this site often to obtain the latest mortage rates for California state before applying for a new mortgage or refinancing your current mortage. Above you will find today's mortage rates for the most popular mortage products available in California state. These rates are based on more than 200 California state mortage companies poll for their mortage products and offers and are updated daily. These mortage rates, as well as the list of California mortage companies with their current mortage offerings, should give you a good starting point for your mortage related search.

Mortage industry news

• Minorities to Pay High Rates, According to Study Turks.US - Home buyers, whether black or Hispanic, are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels. An advocacy group found these observat (full story)	Lenders on borrowed time Orange County Register - Orange County is a hub for "subprime" lenders, companies that make loans to people with spotty credit. Rising short-term interest rates have raised their cost of funds, forcin (full story)
Rates hardly move in paucity of economic data Our national survey of large lenders shows how mortgage rates have moved and our analysis tells you why. (full story)	Ultra-Long Mortgages Seeking A Foothold Fort Lauderdale Sun-Sentinel - NEW YORK -- When it comes to home mortgages, some people are thinking really long-term by taking 40-year or 45-year - or even 50-year - loans. The attraction is lower mo (full story)

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8/27/2008 6:47 PM