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Mortgage rates in Los Angeles, California

By Mitch Strohm · Bankrate.com
Wednesday, November 25, 2015
Posted: 6 am ET

Mortgage rates in Los Angeles mostly remained unchanged this week. Meanwhile, the Los Angeles Arts District continues to be the "it" neighborhood, and a famous celebrity home is on sale.

This week's rates

The benchmark 30-year fixed-rate mortgage in Los Angeles remained at 4.13%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.24 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.07%.

The Arts District, celebrity real estate

The Arts District in Los Angeles has had a great year so far in 2015. And it continues to be the "it" neighborhood in Los Angeles, notes Curbed.

In addition to several other projects, there's an arts complex and an open-air mall in the works, notes Curbed. But the most noteworthy project in the area might be the Soho Warehouse, a members-only club that will have a 1,500-square-foot performance space, a 14,000-square-foot public market and even a rooftop pool, according to Curbed.

In celebrity real estate news, the 6-bedroom, 6-bathroom former home of Pamela Anderson and Tommy Lee is on the market for $4.595 million. It has nearly 7,500 square feet of space of living space, a pool area, tiled patios and a fireplace in the master bedroom, according to Curbed.

More rates

The benchmark 30-year jumbo mortgages, for loans of $625,500 and up, fell to 3.83% from 3.92%. The benchmark 15-year fixed-rate mortgage remained at 3.38%. The benchmark 5/1 adjustable-rate mortgage remained at 3.56%.

Weekly mortgage survey

Results from Bankrate's Nov. 24 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: 4.13% 3.38% 3.56% 3.83%
Change from last week: N/C N/C N/C -0.09
Monthly payment: $800.15 $1,169.86 $746.46 $2,925.26
Change from last week: N/C N/C N/C -$32.02
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