Current Mortgage and Refinance Rates in California

Interest rates in California are expected to remain stable, with mortgage rates slightly decreasing but holding steady. The Federal Reserve's decision to maintain the federal funds rate has caused minimal changes in mortgage rates. Current average interest rates for 30-year and 15-year fixed-rate mortgages align with national averages. Refinance rates are following national trends. No significant decrease in mortgage rates is expected in 2024. Various mortgage options available in California include conventional, jumbo, FHA-backed, and USDA-backed mortgages.