Current State of Mortgage Rates - California Update

Mortgage interest rates remain near record lows according to the latest Freddie Mac mortgage market survey as fixed rate pricing dipped slightly pending the Federal Reserve's monetary policy announcement. According to Freddie, the 30 year national average was 3.88% (.7 pts) and the 15 year average was 3.12% (.6 pts).

Below is a snapshot of current mortgage rates pulled from ForTheBestRate.com today. We used California mortgage rates for the survey. Please visit www.forthebestrate.com for the quoting criteria used in the survey and to contact the various lenders and brokers. Rates and fees are subject to change without notice.

30 Year Fixed Mortgage Interest Rates (0 Pts)
National Mortgage Alliance: 3.750% Rate, $1800 Fees in APR, 3.824% APR
Amerisave: 4.000% Rate, $1995 Fees in APR, 4.083% APR
Quicken Loans 4.250% Rate, $2057 Fees in APR, 4.337% APR
AimLoan.com: 3.625% Rate, $1995 Fees in APR, 3.707% APR

15 Year Fixed Mortgage Interest Rates (0 Pts)
National Mortgage Alliance: 3.000% Rate, $1000 Fees in APR, 3.072% APR
Amerisave: 3.000% Rate, $1995 Fees in APR, 3.144% APR
Quicken Loans 3.375% Rate, $2557 Fees in APR, 3.562% APR
AimLoan.com: 2.875% Rate, $1995 Fees in APR, 3.019% APR

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