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Los Angeles Mortgage Rates Today

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Current Mortgage Rates in Los Angeles

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Los Angeles housing market at a glance

September 2026 data

In Los Angeles, homes are selling in about 73 days (6 slower than a year ago), sales are up 5.1% from last year, and about 16% of listings have had a price cut.

Median sale price
$1,050,000
$660 per sq. ft.
Homes sold
5,118
▲ 5.1% vs. 4,870 last year
Days on market
73
vs. 67 days last year
Homes for sale
13,316
893 new listings
Listings with a price cut
16%
2,092 of 13,316 listings

Source: Movoto Los Angeles, CA market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Los Angeles

Monthly payments on Los Angeles's median home price of $1,050,000 (September 2026), at today's rates.

20% down · Conventional
$6,546/mo
Down payment
$210,000
Loan amount
$840,000
Rate
7.125%
Principal & interest
$5,659
Est. property tax
$665
Est. homeowners insurance
$222
5% down · Conventional
$7,607/mo
Down payment
$52,500
Loan amount
$997,500
Rate
7.125%
Principal & interest
$6,720
Est. property tax
$665
Est. homeowners insurance
$222
3.5% down · FHA
$7,660/mo
Down payment
$36,750
Loan amount
$1,030,982
Rate
6.875%
Principal & interest
$6,773
Est. property tax
$665
Est. homeowners insurance
$222

Payments include principal, interest, estimated Los Angeles property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Los Angeles?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Los Angeles property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Los Angeles's $1,050,000 median home:

20% down · Conventional$6,546/mo payment $280,555/yrabout $23,380/mo before taxes
5% down · Conventional$7,607/mo payment $326,031/yrabout $27,169/mo before taxes
3.5% down · FHA$7,660/mo payment $328,280/yrabout $27,357/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $840,000 loan (the Los Angeles median price with 20% down). Every 0.25% is worth about $141/mo.

Rate6.13%6.38%6.63%6.88%7.13%
today		7.38%
Monthly P&I$5,104$5,241$5,379$5,518$5,659$5,802

Ways to make a Los Angeles home more affordable

  • Negotiate on price. About 16% of Los Angeles listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 73 days to sell, 6 more than last year. Sellers may cover closing costs or pay for a rate buydown.
  • Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $281 a month.
  • Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Los Angeles mortgage and home buying FAQs

What are mortgage rates in Los Angeles today?

As of October 13, 2026, Lower’s 30-year fixed conventional rate in Los Angeles is 7.125% (7.415% APR), and the 30-year FHA rate is 6.875% (7.702% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Los Angeles?

On Los Angeles’s $1,050,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $6,546 a month, including principal, interest, estimated Los Angeles property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $7,660 a month before monthly mortgage insurance.

How much income do I need to buy a house in Los Angeles?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $280,555 a year to buy Los Angeles’s $1,050,000 median home with 20% down, or about $328,280 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Los Angeles?

On the $1,050,000 median home, 20% down is $210,000, 5% down is $52,500, and the FHA minimum of 3.5% is $36,750. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Los Angeles right now?

In September 2026, Los Angeles homes sold in about 73 days, 6 days slower than a year earlier. 5118 homes sold, up from 4870 the year before, and about 16% of the 13316 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Los Angeles?

On a $840,000 loan (the median Los Angeles home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $141 a month, or about $1,692 a year.

How much are property taxes in Los Angeles?

Lower estimates Los Angeles property taxes at about 0.76% of a home’s value per year. On the $1,050,000 median home, that’s roughly $7,980 a year, or $665 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Los Angeles from The Zebra; your quote will vary. Rates as of October 13, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Loan officers in Los Angeles, CA

Local experts who can walk you through today's Los Angeles rates, your budget and the loan options that fit.

Claudia Diaz

Loan Officer

NMLS ID# 266149

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