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Mortgage rates in Los Angeles, California

By Mitch Strohm · Bankrate.com
Thursday, November 20, 2014
Posted: 12 pm ET

Mortgage rates in Los Angeles barely moved this week. Meanwhile, a housing complex just for veterans opened up in East Los Angeles.

This week's rates

The benchmark 30-year fixed-rate mortgage in Los Angeles rose to 4.09 percent from 4.08 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.46 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.1 percent.

A new apartment complex just for veterans

A new apartment complex for senior veterans recently opened in East Los Angeles. Called Guy Gabaldon Apartments, it's the first affordable housing development for homeless senior veterans on the East Side, notes The Los Angeles Times.

The apartment complex is part of a $13 million project to help homeless veterans in areas like Boyle Heights and East L.A.

And officials say there are plans to spend another $300 million throughout Los Angeles County for more affordable housing, notes the Times.

More rates

The benchmark 30-year jumbo mortgages, for loans of $625,500 and up, remained at 4.13 percent. The benchmark 15-year fixed-rate mortgage remained at 3.33 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.03 percent from 2.94 percent.

Shop mortgage rates in your area.

Weekly mortgage survey

Results from Bankrate's Nov. 19 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: 4.09% 3.33% 3.03% 4.13%
Change from last week: +0.01 N/C +0.09 N/C
Monthly payment: $796.32 $1,165.83 $698.32 $3,033.30
Change from last week: +$0.96 N/C +$8.05 N/C
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