HSH Says 30 Year Mortgage Rates in California Have Never Been Lower. Get More Info on a 30-Year Interest Rate

California Mortgage Rates

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30-year rates in California broke all-time low records several times in 2012. Consumers often choose the 30-year mortgage term because it offers the lowest fixed monthly payment as the interest is spread out over three decades. Today's 30-year mortgage rates in California have fallen to record levels which is absolutely amazing. The opportunity to save money with a lower fixed rate has never been more obvious for California residents. With record low interest, now is a great time to get pre-approved for a mortgage with My Loan Quote lenders.

California Home Sales Decline

The California Assn. of Realtors said Tuesday that its index for pending homes fell 3.8% from the prior month. The index posted a 4.7% increase from the same month a year prior.

The California Assn. of Realtors blamed the drop in pending sales in part on the slowing economy. But as Times staff writer Ricardo Lopez reported last week, California's economy appears to be accelerating. Nevertheless, fears of a sluggish economy and tight credit also probably play some role in the summer sales slowdown. Read the LA Times Article.

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