As of May 25, 2025, mortgage interest rates in California are around 7.11% for a 30-year fixed rate and 6.30% for a 15-year fixed rate. Refinance rates are also attractive, with many homeowners looking to lock in lower rates due to the high rates they experienced in the past. The national average 30-year fixed mortgage rate is 6.96%, up slightly from last week.
More Details:
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30-year fixed mortgage rates:The average 30-year fixed mortgage rate is currently around 6.96%, which is up 7 basis points from last week.
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15-year fixed mortgage rates:The average 15-year fixed mortgage rate is around 6.17%.
Refinance rates:
Refinance rates are also trending higher, with the 30-year refinance rate at 6.87% and the 15-year refinance rate at 6.17%.
Factors influencing rates:
Several factors can influence interest rates, including inflation, economic growth, and government policies.
Future outlook:
While some experts predict a potential decrease in rates, it's unlikely they will drop significantly in the short term.
