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Mortgage rates in San Francisco, California

By Clare Mallen · Bankrate.com
Thursday, July 23, 2015
Posted: 6 am ET

Mortgage rates decreased in San Francisco this week. Meanwhile, a tiny apartment in San Francisco is available for a massive monthly rent, SF Curbed reports.

The 233-square-foot studio apartment located at SoMa's 77 Bluxome Street building is asking a monthly rental of $2,536. The space contains a bathroom, a large window, a kitchenette with a minifridge and countertop range but no oven. No parking is provided, but there are community amenities including a roof deck, a gym and on-site laundry.

This week's rates

The benchmark 30-year fixed-rate mortgage in San Francisco dropped to 4.05 percent from 4.11 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.31 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.12 percent.

More rates

The benchmark 30-year jumbo mortgage, for loans of $625,500 and up, sunk to 4.06 percent from 4.19 percent. The benchmark 15-year fixed-rate mortgage fell to 3.27 percent from 3.33 percent. The benchmark 5/1 adjustable-rate mortgage fell to 3.17 percent from 3.23 percent.

Weekly mortgage survey

Results from Bankrate's July 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: 4.05% 3.27% 3.17% 4.06%
Change from last week: -0.06 -0.06 -0.06 -0.13
Monthly payment: $792.50 $1,161.01 $710.87 $3,007.91
Change from last week: -$5.71 -$4.81 -$5.39 -$46.86
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