California home loan rates remain low for this week, though not many are able to take advantage of them. While unemployment remains high, there are few comfortable enough to be making huge purchases until they know that jobs are more secure. Many homeowners seeking to refinance to take advantage of low mortgage rates have also been unsuccessful due to the lack of equity in their homes thanks to a historic drop in home prices.
If you have the means however, now is a great time to purchase a home as they are cheap and financing is extremely affordable. See the best interest rates on a $300,000 California mortgage below.
California 30 Year Mortgage Loan Rate: $300,000
Amerisave Mortgage Corp 30 Year fixed rate at 4.5% with an estimated monthly payment of $1,520
The Money Store 30 Year fixed rate at 4.125% with an estimated monthly payment of $1,454
American Financial Resources 30 Year fixed rate at 4.375% with an estimated monthly payment of $1,498
National Mortgage Alliance 30 Year fixed rate at 4.375% with an estimated monthly payment of $1,498
California 15 Home Loan Rate: $300,000
Mortgage Capital Associates 15 Year fixed rate at 3.875% with an estimated monthly payment of $2,200
American Financial Resources 15 Year fixed rate at 3.875% with an estimated monthly payment of $2,200
California Option ARM Rate: $300,000
Mortgage Capital Associates 3/1 Year ARM rate at 3.25% with an estimated monthly payment of $1,306
Integrity First 5/1 Year ARM rate at 3.875% with an estimated monthly payment of $1,411
Integrity First 7/1 Year ARM rate at 4.625% with an estimated monthly payment of $1,542
California home loan rates are extremely affordable at the moment and are expected to remain low for the remainder of the year.
Mortgage rates accurate as of publishing date and based on a loan amount of $300,000. Please see the financial institution about any changes and additional fees.
