30 Year Mortgage Rates in California

If you’re looking to compare 30 year mortgage rates in California, select your loan amount, down payment, and credit score to get multiple custom 30 year mortgage quotes.

Mortgages with a 30 year fixed term are the most common mortgages in the United States. 15 year and 20 year mortgages are also popular options.



30 Year Mortgage vs 15 Year Mortgage

A 30 year mortgage is a mortgage that amortizes over 30 years. If you are approved for a a 30 year mortgage rate in California, you’ll have equal principal and interest payments every month for 360 months if the mortgage rate is fixed.

Alternatively, if you choose a 15 year mortgage, your payment will be higher because you’ll pay back your mortgage loan over 180 monthly payments instead of the 360 payments for a 30 year mortgage.

How to Compare 30 Year Mortgage Rates in California

There are few things you should consider when choosing a 30 year mortgage in California. Although one lender might offer a low rate, they could have really high fees or only offer that rate with discount points.

You should always get quotes from at least three mortgage lenders. This simple step could save you thousands of dollars over the course of your mortgage. Many lenders share their rates on their website or you can compare mortgage rates side by side here.

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