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Mortgage rates in San Francisco, California

By Clare Mallen · Bankrate.com
Thursday, June 23, 2016
Posted: 8 am ET

Mortgage rates barely changed in San Francisco this week. Meanwhile, it ranked 5th most walkable city in the country, SF Curbed reports.

Washington DC-based think tank, Smart Growth America's 2016 report "Foot Traffic Ahead" ranked the number of walkable neighborhoods in the country's 30 largest cities. "Walkable" is defined as having 100 or more intersections per square mile, a high number of commercial properties and a walk score of 70.5 or higher.

The report found that, to live near a walkable neighborhood in San Francisco, you will pay 58% more in rent. But residents in San Francisco pay less in transit, only 19% per month, compared to the average across the 30 cities studied, of 25%, SF Curbed notes.

This week's rates

The benchmark 30-year fixed-rate mortgage in San Francisco remained at 3.56%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.26 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.73%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $625,500 and up, rose to 3.59% from 3.56%. The benchmark 15-year fixed-rate mortgage remained at 2.88%. The benchmark 5/1 adjustable-rate mortgage inched up to 3.20% from 3.17%.

Weekly mortgage survey

Results from Bankrate's June 22 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 San Francisco.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 3.56% 2.88% 3.20% 3.59%
Change from last week: N/C N/C +0.03 +0.03
Monthly payment: $746.46 $1,129.96 $713.57 $2,840.29
Change from last week: N/C N/C +$2.71 +$10.55
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