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.
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