Today's Refinance Rates in California
Get a Lower rate in California whether you’re looking to reduce your monthly payment, change your loan term or refinance into a different rate.
Current California Home Refinance Rates
Legal Disclosures
| Loan Type | Rate | APR | Points | Monthly Payment |
|---|---|---|---|---|
| FHA 30-Year Fixed | 5.990% | 6.746% | 2.000 | $2,277 |
| VA 30-Year Fixed | 5.875% | 6.227% | 2.250 | $2,096 |
| Conventional 15-Year Fixed | 5.875% | 6.250% | 2.000 | $2,929 |
| Conventional 30-Year Fixed | 6.375% | 6.618% | 2.125 | $2,183 |
| Jumbo 30-Year Fixed | 6.250% | 6.468% | 2.125 | $5,849 |
| Loan Type | Rate | APR | Points | Monthly Payment |
|---|---|---|---|---|
| FHA 30-Year Refinance | 6.125% | 6.932% | 2.250 | $2,308 |
| VA 30-Year Refinance | 6.125% | 6.413% | 2.500 | $2,137 |
| Conventional 15-Year Refinance | 5.875% | 6.364% | 2.500 | $2,929 |
| Conventional 30-Year Refinance | 6.500% | 6.803% | 2.500 | $2,212 |
| Jumbo 30-Year Refinance | 6.250% | 6.500% | 2.375 | $5,849 |
| Loan Type | Rate | APR | Points | Monthly Payment |
|---|
FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 6.746% APR and $2,277 monthly payment at 70% loan-to-value (LTV) and 2.000 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 6.227% APR and $2,096 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.250% APR and $2,929 monthly payment at 70% loan-to-value (LTV) and 2.000 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.618% APR and $2,183 monthly payment at 70% loan-to-value (LTV) and 2.125 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 6.468% APR and $5,849 monthly payment at 70% loan-to-value (LTV) and 2.125 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 6.932% APR and $2,308 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 6.413% APR and $2,137 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 6.364% APR and $2,929 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 6.803% APR and $2,212 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 6.500% APR and $5,849 monthly payment at 70% loan-to-value (LTV) and 2.375 discount points. Payment is Principal and Interest example only. Rate shown is current as of September 1, 2026.
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Refinance Rates Trend in California
Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures
Legal Disclosures
The chart shows Lower's historical posted mortgage rates for California, sampled weekly on Mondays. Data effective through 2026-09-03. The chart displays historical note rates only. It does not display APR, discount points, fees, or other costs that affect total loan expense. For current rates with APR, points, and assumptions, see the rate table above. Historical rates are not predictive of current or future rates. This chart is not an offer of credit, a commitment to lend, or a Loan Estimate. Actual rates depend on credit profile, market conditions, loan amount, loan-to-value, occupancy, property type, and other factors, and can change daily. FHA loans require mortgage insurance premiums (MIP) not reflected in note rates shown. VA loans require a VA funding fee not reflected in note rates shown. Jumbo loans exceed conforming loan limits and carry different underwriting requirements.
What Affects Mortgage Refinance Rates in California
California refinance rates reflect national lending conditions along with the details of your replacement mortgage. Your credit profile, loan-to-value, loan structure, property details and occupancy can affect the rate and terms available to you.
A refinance quote can differ from a purchase quote for the same borrower because the purpose and structure of the transaction are different. Compare the proposed new mortgage with the loan you already have, including its rate, term and costs.
The interest rate is the percentage charged for borrowing the principal. The annual percentage rate, or APR, is a broader annualized measure that includes the interest rate plus certain loan costs. APR can provide additional context when two refinance offers have different rates or upfront costs.
If you are buying rather than refinancing, compare California mortgage rates.
Types of Refinances Available in California
A rate-and-term refinance replaces your existing mortgage without taking cash out of the property. The replacement loan can change the rate, term or both.
A lower interest rate could reduce your monthly principal-and-interest payment, while changing the term can affect both the payment and how long you carry the mortgage. Compare those changes with the costs required to complete the refinance.
How long you expect to keep the new mortgage also affects the calculation. Use the refinance break-even calculator to compare the upfront costs with the expected monthly savings.
FHA and VA Refinance Options in California
If your current mortgage is FHA-backed, an FHA streamline refinance uses limited borrower credit documentation and underwriting to refinance an existing FHA-insured mortgage. An FHA simple refinance also replaces an existing FHA mortgage but uses an appraisal and credit-qualifying underwriting. HUD's FHA streamline refinance guidance covers the streamline requirements.
If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan, or IRRRL, may help lower your monthly mortgage payment or make payments more stable by moving from an adjustable-rate loan to a fixed-rate loan. The VA's IRRRL guidance covers eligibility and program requirements.
Conforming Loan Limits for a California Refinance
California's conforming loan limits vary significantly by county. According to FHFA's 2026 conforming loan limits, the one-unit national baseline is $832,750 and the high-cost ceiling is $1,249,125.
California has 41 counties at the $832,750 baseline and 17 counties with higher one-unit limits. Riverside, Sacramento and San Bernardino counties use the baseline, while San Diego County has a $1,104,000 limit. Los Angeles and Orange counties use the $1,249,125 ceiling, as do several higher-cost Bay Area counties.
Other California counties fall between those figures. For example, the 2026 one-unit limit is $1,035,000 in Ventura County, $1,017,750 in Napa County and $994,750 in Monterey County. A mortgage below the applicable county limit still has to meet conventional mortgage requirements to qualify as conforming.
California Refinance FAQs
When Does Refinancing Make Sense in California?
Compare your existing mortgage with the proposed replacement loan, including the interest rate, monthly payment, new loan term and closing costs. The length of time you expect to keep the new mortgage affects whether any monthly savings have enough time to offset the upfront costs.
Is a $1 Million Refinance a Jumbo Loan in California?
It depends on the county. A $1 million one-unit refinance exceeds the $832,750 conforming limit in counties such as Riverside, Sacramento and San Bernardino. It remains below the 2026 limit in higher-cost counties such as Los Angeles, Orange, San Diego and San Francisco. Loan size is only one part of conforming eligibility, so the mortgage must also meet applicable conventional loan requirements.
Can I Refinance a VA Loan in California?
Yes. If your current mortgage is VA-backed, an IRRRL may be available to refinance it. The existing mortgage must be VA-backed, and VA and lender requirements apply to the new loan.
Where Can I Find Information About California Housing Assistance Programs?
The California Housing Finance Agency currently offers refinance programs in addition to its homebuyer programs. Its refinance options include conventional limited cash-out refinancing, refinancing for eligible Dream For All loans and FHA rate-and-term, simple and streamline refinances. Eligibility and program requirements vary.
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