Today's rate Today's mortgage rates in California are % for a year fixed, % for a year fixed, and % for a 5/1 adjustable-rate mortgage (ARM). Considering that buying a home in California can amount to a massive expense, the low current interest rates will help you save money on your mortgage. View and compare current mortgage rates in California. year fixed, Fixed rate for the life of a loan, Lower interest rate & less interest paid than a year. Atherton, CA — Housing, grocery and transportation costs in Atherton are all much higher than the national average. Your interest rate will reflect your credit profile, down payment size, loan type, and loan term. If current home mortgage interest rates california plan on getting a jumbo loan for your home mortgage, brace yourself for paying a higher interest rate. The lender can initiate a power of sale foreclosure by hiring a third party to auction the home it wants to foreclose. Increase Your Down Payment Did you know that your down payment amount can have an impact on your mortgage rate? Most ARMs have a rate cap that limits the amount of interest rate change allowed during both the adjustment period the time between interest rate recalculations and the life of the loan. In Mayinterest rates for year fixed-rate loans were at about 4.