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Mortgage rates in Los Angeles, California

By Mitch Strohm · Bankrate.com
Thursday, April 28, 2016
Posted: 6 am ET

Mortgage rates in Los Angeles rose this week. Meanwhile, you can pick up actor Don Cheadle's house in Venice for $2.45 million.

This week's rates

The benchmark 30-year fixed-rate mortgage in Los Angeles rose to 3.95% from 3.77%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.05 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.83%.

Don Cheadle's home is up for sale

According to Curbed, Don Cheadle's home in Venice is on the market for $2.45 million.

In 2014, Cheadle purchased the home for $894,000. Over the last couple of years, he has customized it with a rooftop deck, a large kitchen and 10-foot ceilings, notes Curbed.

More rates

The benchmark 30-year jumbo mortgages, for loans of $625,500 and up, rose to 3.9% from 3.75%. The benchmark 15-year fixed-rate mortgage rose to 3.31% from 3.14%. The benchmark 5/1 adjustable-rate mortgage rose to 3.55% from 3.23%.

Weekly mortgage survey

Results from Bankrate's April 27 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: 3.95% 3.31% 3.55% 3.90%
Change from last week: +0.18 +0.17 +0.32 +0.15
Monthly payment: $782.99 $1,164.22 $745.54 $2,950.28
Change from last week: +$17.17 +$13.72 +$29.88 +$54.01
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