California Mortgage Rates
California mortgage rates and terms are subject to change without notice. This is not an offer nor a guarantee to lend. Contact us directly for a quote specific to your loan scenario.
Factors That Impact Mortgage Rates
As in other states, California mortgage rates can change daily, sometimes multiple times in a single day. Here are the economic and industry factors that might impact rates.
Bond Market
The bond market, specifically the Mortgage-Backed Securities (MBS) market, is a major contributor to mortgage rate movement. Bond market volatility is bad for rates.
Inflation
When it comes to inflation impacting mortgage rates, there is a simple rule to follow: Higher inflation equals higher rates. Lower inflation can lead to lower rates, but not always.
Jobs Report
Every month, usually on the first Friday of the month, there is a jobs report (8 am EST). If it’s stronger than expected, mortgage rates will generally be negatively impacted.
The Fed
The Fed does not directly impact mortgage rates, but they do influence the bond market, which then impacts mortgage rates. The Fed is the most powerful economic voice in the market.
Industry
A lot goes into determining a mortgage rate, and one of those factors is the internal industry dynamics. In times of “stress,” this can push mortgage rates higher until the stress subsides.
Lender
A lender’s operating cost and daily/monthly loan application volume can directly impact mortgage rates. Higher-than-anticipated costs and/or high volume lead to higher rates.
Why You Should Work With Kevin
Kevin O’Connor, a California-licensed loan officer, has over two decades of mortgage industry experience helping homeowners refinance and purchase properties throughout California. Licensed by the California Department of Real Estate and holding an active NMLS license, Kevin works in association with JB Mortgage Capital, Inc.
- 20+ years of mortgage industry experience
- Licensed with the California Department of Real Estate: #01499872
- Licensed with Nationwide Multistate Licensing System (NMLS): #247447
Kevin specializes in first-time homebuyer programs, current homeowners looking to buy a new home, homebuyers with low- to high-credit scores, low-down payments, and mortgage programs for self-employed and complex-income borrowers across California. His clear-to-close method of processing ensures your loan closes quickly and efficiently.
- Strategic loan planning
- Underwriting optimization
- Clear and proactive communication
Kevin’s website, California Mortgage Finder, provides relevant mortgage information to help homebuyers and homeowners make informed decisions about their next mortgage transaction. If you have questions about the information provided or how it may affect your specific transaction, don’t hesitate to contact us.
Mortgage Calculators
Our always-available mortgage calculators are powerful, easy-to-use tools.