Question 1

What are current mortgage rates in California?

Accepted Answer

As of March 2026, mortgage rates in California are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the California housing market like?

Accepted Answer

California has one of the most competitive housing markets in the US, with median home prices well above the national average — particularly in the Bay Area and Southern California. High demand, limited inventory, and strict zoning laws keep prices elevated. Buyers typically need strong credit and substantial down payments to compete.

Question 3

How do I get the best mortgage rate in California?

Accepted Answer

To get the best mortgage rate in California, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in California Today

Current Rate Ranges in California

California Housing Market Overview