Mortgage Rates

mortgage rates

All of our Mortgage Rates are offered at 0 point cost with minimal or no closing costs on most programs. Call us today for a FREE LOAN ANALYSIS.

CALL (800) 224-999 for current rates

Interest rates quoted are for Owner Occupied SFRs and assume 740 min FICO, impound account, 30 day rate lock, loan amount <= $417,000.  Maximum loan amounts are determined by county and are subject to change (see chart below). Loans require underwritten loan approval and pricing adjustments apply for other scenarios.  Rates subject to change.

Trends

Here’s a look at the Freddie Mac Primary Mortgage Market Survey. Compare our rates to the National averages:

The chart below shows trends here in California. Compare this to our rate sheet above:


Powered by CA Interest Rates

Should you pay points?

These days, most of our investors offer the best deal at a 0 point cost for a given rate. On a $400,000 loan amount for example, 4.75% is available at a 1 point cost ($4,000 cost gets you $2,087/month payment) and 4.875% at a 0 point cost ($0 cost gets you $2,117/month payment). For a monthly payment that’s only $30 higher, it’s probably best to save the $4,000 and take the higher rate. This is not always the case though, and if bigger gaps are available, we’ll let you know about it. We always provide a comparative breakdown of rates and the associated costs to see what makes the most sense.  Click here to learn more about No Cost Mortgages.

Agency and FHA High Balance Conforming Loan Limits

The conforming loan limit is $417,000.  The “Agency High Balance” loan limit is $625,500 (varies by County – see the chart below) and these loan programs offer relief to homeowners in more expensive housing markets.  Interest rates on these programs are incredible!  If your loan amount is less than $625,500 you will probably qualify for a great rate.

 
 
 
 
 
 
 
 
 
 
 
 

Non-Conforming “Jumbo” Loans

Call us for a breakdown of product availability.

Click on the links below to get Historical Interest Rate Data:

30 year fixed rate mortgages since 1971
5 year adjustable rate mortgages (ARMs) since 2005