AVERAGE MORTGAGE RATES

Rates offered by California lenders

Avg. Lowest Avg. Avg. Type rate rate fees pts. APR First mortgages Conforming 30-year, fixed 10.32% 10.00% $310 1.84 10.58 Jumbo 30-year, fixed 11.04 10.75 292 1.96 11.33 Conforming 15-year, fixed 10.13 9.75 308 1.87 10.52 Jumbo 15-year, fixed 10.75 10.38 291 1.80 11.13 Conforming 30-year, adjustable 8.39 7.00 286 2.36 8.68 Jumbo 30-year, adjustable 8.54 7.00 315 2.22 8.82 Second mortgages Conforming 15-year, fixed 11.20% 10.78% $260 3.35 11.88

Conforming loans are loans that do not exceed $168,700; jumbo loans are for more than that amount. APR is the total annual financing cost, expressed as a percentage. The APR for adjustable loans is based on an index designated by the lender, and assumes that the initial rate will not change. Average fees reflect one-time charges made by lenders, typically when the borrower first applies for the loan. Points are usually paid when the loan closes; one point equals one percent of the total loan amount. Rates quoted as of July 6.

Source: CompuFund Inc., Santa Ana