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Mortgage rates in Los Angeles, California

By Mitch Strohm · Bankrate.com
Thursday, February 4, 2016
Posted: 7 am ET

Mortgage rates in Los Angeles fell this week. Meanwhile, home price appreciation in Los Angeles is above average.

This week's rates

The benchmark 30-year fixed-rate mortgage in Los Angeles fell to 4.08% from 4.09%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.08 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.88%.

Los Angeles home price appreciation

Home prices in Los Angeles rose by 6.2% in November from a year prior, according to the latest S&P/Case-Shiller Home Price Index.

That's nearly a full percentage point above the national average rise of 5.3%.

Month-over-month, prices rose by 0.3%, putting Los Angeles on par with cities like Phoenix, Portland, San Diego and San Francisco, according to the index.

More rates

The benchmark 30-year jumbo mortgages, for loans of $625,500 and up, fell to 3.92% from 4%. The benchmark 15-year fixed-rate mortgage fell to 3.2% from 3.25%. The benchmark 5/1 adjustable-rate mortgage fell to 3.5% from 3.55%.

Weekly mortgage survey

Results from Bankrate's Feb. 3 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $625,500 in Los Angeles.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 4.08% 3.2% 3.5% 3.92%
Change from last week: -0.01 -0.05 -0.05 -0.08
Monthly payment: $795.36 $1,155.40 $740.92 $2,957.46
Change from last week: -$0.96 -$4 -$4.60 -$28.63
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