Current Mortgage Rates

Q: What affects my mortgage rate?

Your mortgage rate is influenced by your credit score, down payment amount, loan type, loan term, property type, occupancy status, and current market conditions. Improving your credit score and increasing your down payment are the most effective ways to secure a lower rate.

Q: How do I lock in a rate?

Once you submit a loan application and receive approval, you can request a rate lock. A rate lock guarantees your interest rate for a set period (typically 30-60 days) while your loan is processed. Contact us to discuss rate lock options and timing.

Q: What's the difference between rate and APR?

The interest rate is the cost of borrowing the loan principal. The APR (Annual Percentage Rate) includes the interest rate plus origination fees, discount points, and other closing costs — providing a more complete picture of total borrowing cost over the life of the loan.

Q: Should I choose a 15-year or 30-year term?

A 15-year mortgage has higher monthly payments but lower total interest and a lower rate. A 30-year mortgage offers lower monthly payments and more flexibility. The best choice depends on your monthly budget, financial goals, and how long you plan to stay in the home.

Q: How often do rates change?

Mortgage rates can change multiple times per day based on bond market movements and economic data releases. The rates shown on this page are updated daily from Mortgage News Daily. Contact us for a live rate quote based on your specific scenario.

Q: Where do these rates come from?

Rates are sourced from Mortgage News Daily, one of the most widely cited daily mortgage rate indexes in the industry. They survey major lenders daily to produce national average rates for each loan program. APR estimates include standard origination fees and mortgage insurance where applicable. Your actual rate may differ based on your credit profile, down payment, and loan details.

Compare today's rates across Conventional, FHA, VA, Jumbo, and ARM programs. Updated daily from Mortgage News Daily. Your actual rate depends on your credit score, down payment, and loan details.

Today's Rates

Compare Loan Programs

Rates updated daily from Mortgage News Daily. Your actual rate depends on your credit profile, down payment, and loan details.

Source: Mortgage News Daily. Rates are national averages and may vary. Contact us for your personalized rate.

Program Guide

How Do Rates Compare by Loan Program?

Rates vary by loan type. This table shows typical rate positioning relative to the 30-year conventional baseline — not specific rates.

Program	Typical Rate vs Market	Down Payment	Best For
Conventional (30yr)	Baseline	3-20%	Strong credit (680+), primary residence
Conventional (15yr)	0.50-0.75% below 30yr	3-20%	Faster payoff, lower total interest
FHA	Similar to conventional	3.5%	Credit 580-679, limited savings
VA	0.25-0.50% below conventional	0%	Veterans & active military
Jumbo	0.25-0.50% above conventional	10-20%	Loans above $806,500
Non-QM / Bank Statement	0.50-1.50% above conventional	10-20%	Self-employed, investors
DSCR	1.00-2.00% above conventional	20-25%	Investment properties
ARM (5/1)	0.50-1.00% below 30yr fixed	5-20%	Short-term ownership (< 7 years)

Rate comparisons are general guidance based on typical market conditions and may not reflect current pricing. Contact us for a quote specific to your scenario.

Education

What Determines Your Rate?

Understanding these five factors can help you secure the best rate possible.

Credit Score

Higher credit scores typically qualify for lower interest rates. A score of 740+ generally earns the best conventional rates.

Down Payment

A larger down payment reduces lender risk and can lower your rate. Putting 20% down also eliminates PMI on conventional loans.

Loan Type & Term

FHA, VA, and conventional loans have different rate structures. Shorter terms (15-year) usually offer lower rates than 30-year loans.

Market Conditions

Mortgage rates are influenced by the 10-Year Treasury yield, MBS pricing, inflation, and Federal Reserve policy. Your individual rate also depends on your credit score, down payment, and loan type. Rates can change daily.

Property Type

Primary residences get the best rates. Investment properties and multi-unit homes typically have higher rates due to increased risk.

FAQ

Mortgage Rate Questions

Answers to common questions about mortgage rates and how they work.

Your mortgage rate is influenced by your credit score, down payment amount, loan type, loan term, property type, occupancy status, and current market conditions. Improving your credit score and increasing your down payment are the most effective ways to secure a lower rate.

Once you submit a loan application and receive approval, you can request a rate lock. A rate lock guarantees your interest rate for a set period (typically 30-60 days) while your loan is processed. Contact us to discuss rate lock options and timing.

The interest rate is the cost of borrowing the loan principal. The APR (Annual Percentage Rate) includes the interest rate plus origination fees, discount points, and other closing costs — providing a more complete picture of total borrowing cost over the life of the loan.

A 15-year mortgage has higher monthly payments but lower total interest and a lower rate. A 30-year mortgage offers lower monthly payments and more flexibility. The best choice depends on your monthly budget, financial goals, and how long you plan to stay in the home.

Mortgage rates can change multiple times per day based on bond market movements and economic data releases. The rates shown on this page are updated daily from Mortgage News Daily. Contact us for a live rate quote based on your specific scenario.

Rates are sourced from Mortgage News Daily, one of the most widely cited daily mortgage rate indexes in the industry. They survey major lenders daily to produce national average rates for each loan program. APR estimates include standard origination fees and mortgage insurance where applicable. Your actual rate may differ based on your credit profile, down payment, and loan details.

Resources

Explore More Mortgage Tools

Calculators, comparisons, and guides to help you make the right decision.

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Get Your Personalized Rate

The rates above are market averages. Your actual rate depends on your unique financial profile. Apply online for a personalized quote.

Apply Online (714) 399-6361

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.

Rate data sourced from Mortgage News Daily. Your actual rate may differ based on credit score, down payment, and loan details. Contact us for a personalized rate quote.

Reviewed by Joann Ton, Loan Officer (NMLS# 1461031) | Last updated: June 2026