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30-Year Fixed Mortgages Available at 4.375% in California research of wholesale lenders' rate sheets shows conventional 30-year fixed California mortgage rates as low as 4.5% with a standard origination fee of about 1 point. 30-year fixed FHA loan rates are available even lower, at 4.375% with about a point origination. These rates are available today to well-qualified borrowers says

Data suggests that despite these record low rates today, mortgage applications are at a 13 year low. Why? Purchase applications have sunk since the home-buyer tax-credit expired on April 30th.

Southern California homeowners may want to consider refinancing at today's record low rates which are a product of a slide in interest rates which wasn't supposed to happen. It was expected that after the government's mortgage-backed securities purchasing program expired at the end of March, rates would shoot to the mid 5's. Instead we've got rates matching an all time record low first set late last year.

Jumbo mortgage rates, which aren't directly moved by MBS prices, are historically low as well. Today's 30 year fixed jumbo mortgage rate is 5.5%.


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