California
Mortgage Rates;
California’s house & mortgage market has been booming over the past several years. Some homes have increased in value significantly allowing people to release record amounts of equity from their homes. With such dramatic growth, certain areas will experience a slow down.
Prices are still holding steady and the most popular areas remain the Los Angeles, Long Beach, Santa Ana areas and also the San Francisco, Oakland and Fremont areas. The first step in your mortgage hunt should be to figure out the type of house you can afford and how large a loan you can afford. Below are some examples of the loan rates being offered currently
For loans up to $417,000
30 Yr Fixed : rates from 5.5% to 5.875%
15 Yr Fixed : rates from 5.25% to 6.375%
1 Yr ARM : rates from 1% to 6.750%
3/1 ARM : rates from 5.5% to 6.125%
5/1 ARM : rates from 5.250% to 5.875%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 5.750 to 6.125%
15 Yr Fixed Jumbo : rates from 5.625% to 6.250%
1 Yr ARM Jumbo : rates from 1% to 6.5%
3/1 ARM Jumbo : rates from 5.125% to 6.125%
5/1 ARM Jumbo : rates from 5.5% to 6%
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Looking for a mortgage in one of California's major cities? Click any of the cities below for more mortgage information.
Major California
Cities;
Alamo
Anaheim
Berkley
Fremont
Fresno
Huntington Beach
La Jolla
Laguna Hills
Lake Tahoe
Long Beach
Los Angeles
Modesto
Oakland
Palm Springs
Pasadena
Redding
Sacramento
San Deigo
San Fransisco
San Jose
Santa Barbara
Santa Cruz
Santa Monica
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