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CA Mortgage Interest Rates

Click here to get California current mortgage interest rates!

Click here to view CA current mortgage interest rates table!

Low interest rates? High interest rates? Where will they move next, up or down? Interest rates can fluctuate many times during each day that the financial markets are open. Mortgage rates tend to follow the bond market. When bond prices rise mortgage rates tend to fall.

Ordinarily, when you contact a lender and request an interest rate for a particular program, be it a fixed rate or a variable rate program, you will be quoted the rate that is available at that moment. In the event that you do not begin the loan process by filling out a 1003 Uniform Residential Loan Application, the loan officer most likely will not be able to "lock in" the interest rate for you. A call back to the same lender later that same day may result in, higher, lower, or perhaps, the same mortgage interest rate being available--depending on the volatility of the financial markets on that day.

Some lenders may charge a fee to "lock in" an interest rate while others will lock the rate for free based on your good faith interest in getting a loan. Typically mortgage lenders will not lock the rate until you sign a 1003 Uniform Residential Loan Application.


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