California Banking Rates

California New Home Mortgage Rates – October 21,2010

California mortgage rates are still holding steady near record lows, but it may not be enough as the state faces increasingly constrained budgets and high unemployment. In short, most California residents are not able to take advantage of these low rates.

California Mortgage Loan Amount: $300,000

AIG Bank 30 Year fixed rate at 4.125% with an estimated monthly payment of $1,454
Quicken Loans 15 Year fixed rate at 3.876% with an estimated monthly payment of $2,145
National Mortgage Alliance 3/1 Year ARM at 3.625% with an estimated monthly payment of $1,368

California Home Loan Amount: $400,000

Cobalt Financial Corporation 30 Year fixed rate at 4.25% with an estimated monthly payment of $1,968
American Financial Resources 15 Year fixed rate at 3.5% with an estimated monthly payment of $2,860
AIG Bank 5/1 Year ARM at 3.750% with an estimated monthly payment of $1,852

California Home Mortgage Amount: $500,000

Cobalt Financial Corporation 30 Year fixed rate at 4.375% with an estimated monthly payment of $2,496
AIG Bank 5/1 Year ARM at 3.75% with an estimated monthly payment of $2,316
Affiliated Financial Group 30 Year fixed rate at 4.5% with an estimated monthly payment of $2,533

Mortgage rates accurate as of publishing date and based on a loan amount of $300,000, $400,000 and $500,000. Please see the financial institution about any changes and additional fees.