California Banking Rates

California Refinance Rates – April 18, 2011

California mortgage refinance rates are looking great these days. A severe recession, coupled with high unemployment and growing foreclosures has forced the Federal Reserve to keep interest rates at artificially low levels.

Now is a perfect time to refinance your home if you can. Prime borrowers with great credit scores and equity should not have any trouble obtaining the best mortgage rates for the week – browse them below.

A combination of low interest rates and discounted home prices have kept home affordability high this year. See the best California mortgage rates for the week from the list below on a loan of $300,000.

California Option ARM Refinance Loan Rate: $300,000

Quicken Loans 5/1 Year ARM rate at 3.250% with an estimated monthly payment of $1,306
The Money Store 5/1 Year ARM rate at 3.250% with an estimated monthly payment of $1,306
CapWest Mortgage 5/1 Year ARM rate at 3.000% with an estimated monthly payment of $1,265

California Option ARM Refinance Loan Rate: $400,000

The Money Store 5/1 Year ARM rate at 3.250% with an estimated monthly payment of $1,741
Quicken 5/1 Year ARM rate at 3.250% with an estimated monthly payment of $1,741
CapWest Mortgage 5/1 Year ARM rate at 3.000% with an estimated monthly payment of $1,686

California Option ARM Rate: $500,000

Affiliated Financial Group 5/1 Year ARM rate at 3.000% with an estimated monthly payment of $2,108
Compass Lending Corp. 5/1 Year ARM rate at 2.500% with an estimated monthly payment of $1,976
Choose Your Own Loan 5/1 Year ARM rate at 3.950% with an estimated monthly payment of $2,373

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