Current mortgage rates California
Current mortgage rates California

If you’re looking to buy a home in California, you’ll want to research the state’s best mortgage rates. By looking at multiple mortgage lenders, you can increase your chances of getting a good deal and lower your monthly loan payments for many years to come.

Here are the mortgage rates in California today.

Then as of today, July 21, 2022, California’s current average interest rate on a 30-year fixed-rate mortgage is 5.704%, a 15-year fixed-rate mortgage has an average rate of 4.813%, and a 5/1 adjustable-rate mortgage (ARM). ) is 4.475%. Prices are quoted in Annual Percentage Rates (APR).


Current Mortgage and Refinance Rates in California

Rates As of Jul 21, 2022
Fixed 30 Year 5.669% 1.458
Fixed 20 Year 5.307% 2.034
Fixed 15 Year 4.471% 2.484
ARM 10/1 5.172% 1.520
ARM 5/1 4.279% 0.098
Fixed 30 Year – FHA 5.218% 1.890
Fixed 30 Year – VA 4.961% 1.488
Fixed 30 Year – Jumbo 5.739% 0.583

Affordable Housing in California

California is known for its wonderful climate, national parks, stunning beaches and generally laid-back lifestyle. But it’s a well-known fact that moving here can be quite an expensive state, especially if you’re buying rather than renting. Here are five affordable California cities to consider.


Located between Fresno and Bakersfield, Visalia is known for its dry, sunny climate and agricultural economy. The city is also known for its impressive network of parks. The median home price in Visalia is $236,400, according to Niche. By comparison, Zillow reports that the median home price in California is $758,360. Meanwhile, in Tulare County, where Visalia is located, the average property tax rate is 0.63 percent of the home’s appraised value. This is a good deal compared to the national average property tax rate of 0.74%.



Then About two hours north of Los Angeles, Bakersfield is known for its horse shows, Basque Festival and the famous Kern County Fair. The median home price in Bakersfield is $247,000, and Kern County, where Bakersfield is located, has an average property tax rate of 0.8% of the home’s appraised value. That’s a bit high for California, but not that much.


Not far from Visalia is Fresno, an outdoor lover’s dream. The city offers access to many famous national parks, including Yosemite, Kings Canyon, and Sequoia. It also has many theaters where residents can enjoy a vibrant performing arts scene. The median home price in Fresno is $242,000, according to Niche. Meanwhile, the average property tax rate in Fresno County is 0.65% of the home’s appraised value, which is lower than the statewide average.



About 90 minutes east of San Jose, Modesto is known for its annual architecture festival. It is also home to the Gallo Family Distillery, the largest private winery in the world. The median home price in Modesto is $283,800, according to Niche, and Stanislaus County, where Modesto is located, has an average property tax rate of 0.66% of the home’s appraised value.


Then stockton, just 90 minutes from San Francisco, has had its fair share of hard times. In 2012, it was the largest city to file for bankruptcy in U.S. history (though Detroit took that honor a year later). Thankfully, the city has recovered and is now known for its diversity, music scene, galleries and museums. It also hosts many annual festivals. The median home price in Stockton is $273,400, according to Niche, and the average property tax rate in San Joaquin County, where Stockton is located, is 0.73 percent of a home’s appraised value, exactly the same as the national average.

To get the best California mortgage deal, you need to present yourself as a credible credit candidate. This means raising your credit score to the ideal mid-700s or higher, while lowering your debt-to-income ratio. Taking these steps will make home buying more affordable and enjoyable for years to come.

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Jake Smith

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Jake Smith

He is the editor of Eragoncred. Previously, he was editor-in-chief of Eragoncred and a financial industry reporter. Jake has spent most of his career as a Digital Media journalist and has over 10 years of experience as a writer and editor.