As of December 25, 2024, home loan interest rates in California vary based on loan type, term length, and borrower qualifications. Here are some current rates:
- 30-Year Fixed-Rate Mortgage:
- The average rate is approximately 6.66%. citeturn0search1
- 15-Year Fixed-Rate Mortgage:
- Rates are around 6.00%. citeturn0search8
- Adjustable-Rate Mortgages (ARMs):
- For example, a 5-year ARM has an average rate of 7.529%. citeturn0search4
- Government-Backed Loans:
- The California Housing Finance Agency (CalHFA) offers programs with rates such as 6.625% for FHA and VA loans. citeturn0search2
Please note that these rates are subject to change and can vary based on individual factors such as credit score, loan amount, and down payment. It’s advisable to consult with multiple lenders to obtain personalized quotes tailored to your financial situation.
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