Best Mortgage Rate Tools to Buy in December 2025
Calculated Industries 3405 Real Estate Master IIIx Residential Real Estate Finance Calculator | Clearly-Labeled Function Keys | Simplest Operation | Solves Payments, Amortizations, ARMs, Combos, More
- QUICKLY PROVIDE LOAN OPTIONS WITH DEDICATED FUNCTION KEYS.
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Calculated Industries 43430 Qualifier Plus IIIfx Desktop PRO Real Estate Mortgage Finance Calculator | Clearly-Labeled Keys | Buyer Pre-Qualifying | Payments, Amortizations, ARMs, Combos, FHA/VA, More
- CLEARLY LABELED KEYS SIMPLIFY MORTGAGE TERMS FOR EASY CLIENT USE.
- INSTANTLY PRE-QUALIFY CLIENTS TO SHOW ONLY AFFORDABLE PROPERTIES.
- EFFORTLESSLY EXPLORE LOAN OPTIONS & CALCULATIONS WITH ONE BUTTON.
Calculated Industries 3415 Qualifier Plus IIIx Advanced Real Estate Mortgage Finance Calculator | Simple Operation | Buyer Pre-Qualifying | Solves Payments, Amortization, ARMs, Combos, FHA, VA, More
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SPEAK YOUR LANGUAGE: KEY LABELS SIMPLIFY MORTGAGE FINANCE FOR CLIENTS.
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CONFIDENT SOLUTIONS: IMPRESS WITH FAST, ACCURATE REAL ESTATE FINANCE ANSWERS.
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BUYER QUALIFYING KEYS: PRE-QUALIFY CLIENTS FOR PROPERTIES WITHIN THEIR BUDGET.
Victor 6500 Executive Desktop Loan Calculator, 12-Digit LCD
- EXTRA LARGE 12-DIGIT DISPLAY FOR EASY READABILITY
- LOAN WIZARD TO SIMPLIFY YOUR CALCULATIONS INSTANTLY
- CUSTOMIZABLE SETTINGS FOR ACCURATE FINANCIAL SOLUTIONS
Calculated Industries 3430 Qualifier Plus IIIfx Advanced Real Estate Mortgage Finance Calculator | Clearly-Labeled Keys | Buyer Pre-Qualifying | Payments, Amortizations, ARMs, Combos, FHA/VA, More
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EFFORTLESSLY PRE-QUALIFY CLIENTS AND RECOMMEND SUITABLE LOAN OPTIONS.
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SIMPLIFY COMPLEX FINANCE TERMS FOR A CONFIDENT, PROFESSIONAL GUIDE.
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INSTANTLY CALCULATE LOAN DETAILS, EASING CLIENT DECISION-MAKING PROCESS.
HP 12C Financial Calculator – 120+ Functions: TVM, NPV, IRR, Amortization, Bond Calculations, Programmable Keys – RPN Desktop Calculator for Finance, Accounting & Real Estate – Includes Case + Cloth
- INDUSTRY STANDARD SINCE '81: TRUSTED BY FINANCE PROS FOR ACCURACY.
- 120+ FUNCTIONS: PERFORM COMPLEX FINANCIAL CALCULATIONS EFFORTLESSLY.
- RPN ENTRY: SPEED UP WORKFLOWS WITH EFFICIENT DATA INPUT.
Calculated Industries 3400 Pocket Real Estate Master Financial Calculator
- SIMPLIFY FINANCES WITH INSTANT LOAN PAYMENT CALCULATIONS!
- TRACK FUTURE VALUES FOR SMARTER FINANCIAL PLANNING!
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HP 12C Financial Calculator - Black/Gold
- TRUSTED BY PROS IN FINANCE FOR OVER 40 YEARS, RELIABLE PERFORMANCE.
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Navigating the mortgage market in California requires understanding the current rates and knowing how to secure the best terms. This article provides an overview of the latest mortgage rates in California, tips for obtaining the most favorable rates, and information on special programs available to homebuyers in the state.
Current Mortgage Rates
Mortgage rates in California vary depending on the type of loan and term. Here are the average rates for common mortgage products:
Purchase Rates
30-Year Fixed Rate
- Average Rate: 6.95%
- APR: 6.98%
15-Year Fixed Rate
- Average Rate: 6.30%
- APR: 6.35%
30-Year Fixed Jumbo Rate
- Average Rate: 7.10%
- APR: 7.15%
15-Year Fixed Jumbo Rate
- Average Rate: 6.35%
- APR: 6.40%
Refinance Rates
30-Year Fixed Refinance
- Average Rate: 7.05%
- APR: 7.09%
15-Year Fixed Refinance
- Average Rate: 6.35%
- APR: 6.40%
How to Get the Best Mortgage Rates
Securing the best mortgage rate involves several strategic steps:
- Improve Your Credit Score: A higher credit score can significantly lower your mortgage rate. Aim for a score of 780 or higher.
- Lower Your Debt-to-Income Ratio (DTI): Reduce your DTI by paying off existing debts and increasing your income. A lower DTI indicates less risk to lenders.
- Increase Your Down Payment: A larger down payment reduces the loan amount and can lower your interest rate.
- Consider Loan Points: Paying for mortgage points can reduce your interest rate. Each point typically costs 1% of the loan amount and can lower the rate by about 0.25%.
- Shop Around: Compare offers from multiple lenders to ensure you’re getting the best rate. Even a slight difference in interest rates can save you thousands over the life of the loan (AHFC) (Refi).
Special Programs in California
California offers several programs to assist homebuyers in securing favorable mortgage rates:
- California Housing Finance Agency (CalHFA) Loan Programs: CalHFA offers a variety of loan programs, including the CalPLUS Conventional Loan Program, which provides down payment assistance and competitive fixed interest rates.
- MyHome Assistance Program: This program provides down payment and closing cost assistance to eligible first-time homebuyers.
- School Teacher and Employee Assistance Program (School Program): This program offers down payment assistance to teachers and employees in California K-12 public schools.
Understanding and comparing current mortgage rates is crucial for anyone looking to buy or refinance a home in California. By improving your credit score, lowering your DTI, making a larger down payment, considering loan points, and shopping around, you can secure the best possible rate. Additionally, leveraging special programs like those offered by CalHFA can provide further benefits and savings.
For more detailed information and personalized quotes, it’s advisable to consult multiple lenders and explore all available options. This proactive approach will help you make informed decisions and achieve your homeownership goals in the most cost-effective manner.