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Data provided by Informa Research Services. Click here for product details
The rate information on this page is powered by Informa Research Services, Inc. © 2008. This information has been obtained from various financial institutions, and Informa Research Services cannot guarantee its accuracy. The information includes financial product data that was in the Informa Research Services database at the time of publication, and may not reflect all of the products available in your region. Before acting on the information shown on this page, contact the financial institution to verify the accuracy of the data. When contacting financial institutions, always mention Topix to ensure you receive the preferred Internet rate. Contact pduncan@informars.com to have your rates included in this chart.
Mortgage
Purchase and Refinance
Fixed Rate/Adjustable Rate Conforming - APR's are based on a $200,000 loan for a purchase transaction of an owner occupied, single-family residence with an 80% loan-to-value ratio.
Rates are subject to change without notice.
Fixed Rate/Adjustable Rate Jumbo - APR's are based on a $450,000 loan for a purchase transaction of an owner occupied, single-family residence with an 80% loan-to-value ratio. Rates are subject to change without notice.
Are you searching for a loan amount of more than $417,000?
Please be aware that recent legislation allows lenders to offer conforming loan rates at a higher loan amount limit based on the county the property is located. For details about the new conforming loan limits, click here.
Changes in Conforming Loan Limits
Source: Informa Research Services
As part of the Economic Stimulus Act of 2008, Fannie Mae's limit on conforming loans has been temporarily raised from $417,000 to $729,750, effective until December 31, 2008 in certain high cost metropolitan statistical areas (MSAs). The limits on these new "jumbo-conforming" mortgage loans differ from area to area and have been based on the MSA's median home price, with the upper limit capped at $729,750. If the median home price is less than $417,000, the conforming loan limit remains unchanged.
Please note that not all lenders will automatically raise their conforming loan limits. Inquiring directly with each lender is the best way to ensure you are assuming the correct conforming loan limit for your situation.
Home Equity
Home Equity Loans - Rates are based on a fixed rate home equity loan for an owner occupied residence, second lien, 10 year or 15 year repayment terms with an 80% loan-to-value ratio for loan amounts of $50,000 or $50,000+.
Rate Discount indicates the amount of reduction in the Rate for having monthly payments automatically deducted from an account and/or for having other relationship accounts with the institution, expressed as a percentage.
Conditions "No closing costs" indicates that customer is not required to pay closing costs on the loan. "With closing costs" indicates that customer is required to pay closing costs on the loan. Rates displayed do not include discounts. Rates are subject to change without notice.
Home Equity Line of Credit - Rates are based on a variable rate, second lien revolving home equity line of credit for an owner occupied residence with an 80% loan-to-value ratio for line amounts of $50,000 or $50,000+.
Discount indicates the amount of reduction in the Rate for having monthly payments automatically deducted from an account and/or for having other relationship accounts with the institution, expressed as a percentage.
Conditions - "No closing costs" indicates that customer is not required to pay closing costs on the line of credit. "With closing costs" indicates that customer is required to pay closing costs on the line of credit. Rates displayed do not include discounts. Rates are subject to change without notice.
California Average Home Loan Rates
| Loan Type | Rate | APR |
|---|---|---|
| Home Equity Line of Credit | 5.250% | N/A |
| Home Equity Loan - 10 Years $50000 | 7.401% | N/A |
| 15 Year Fixed Conforming | 6.101% | 6.249% |
| 15 Year fixed Jumbo | 6.962% | 7.093% |
| 30 Year Fixed Conforming | 6.545% | 6.635% |
| 30 Year Fixed Jumbo | 7.407% | 7.482% |
| 3/1 Year ARM Jumbo | 6.478% | 5.519% |
| 5/1 Year ARM Conforming | 6.145% | 5.568% |
| 7/1 Year ARM Conforming | 6.447% | 5.727% |
| 10/1 Year ARM Conforming | 6.825% | 6.160% |
| 10/1 Year ARM Jumbo | 7.559% | 6.560% |
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