California mortgage rate information is displayed below and this information is updated daily. We receive most of our investor rate sheets by mid morning and post our most most competitive rates here. These California mortgage rates are accurate for today, however we recommend that you contact us to receive a mortgage quote that is specific to your situation. Pricing adjustments are necessary with any lender depending on a variety of factors including the loan to value (LTV), cash out refinance, credit score, investment property, second home or primary residence just to name a few.
Mortgage rates follow the bond market closely. Over time, the fixed mortgage rates follows closely to the 10 year Treasury bond. Usually when the yield on these bonds rise California mortgage rates also rise. They do not always rise exactly the same amount and the same time
and it can take a few hours or a few days to respond. Bonds are issued by the government and private companies looking to raise cash by issuing debt. Bonds do not always have a rate of return (yield) however the principal is always repaid. Bonds issued by the
US Treasury are backed by the full faith and credit of the US government and since the risk of the Treasury defaulting on them is almost zero,
they are generally considered the safest investment. California mortgage rates will rise and fall based on other factors as well including supply and demand for investment dollars of competing types of investments.