Mortgage interest 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 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.
mortgage interest rates will rise and fall based on other factors as well
including supply and demand for investment dollars of competing types of investments.