California Mortgage Refinance Rates

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.500%	7.349%	2.125	$2,250
VA 30-Year Fixed	6.500%	6.916%	2.000	$2,239
Conventional 15-Year Fixed	6.375%	6.892%	2.250	$3,024
Conventional 30-Year Fixed	6.875%	7.188%	2.125	$2,299
Jumbo 30-Year Fixed	6.875%	7.119%	2.250	$6,240

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	6.500%	7.411%	2.500	$2,250
VA 30-Year Refinance	6.625%	6.983%	2.500	$2,252
Conventional 15-Year Refinance	6.490%	7.043%	2.250	$3,046
Conventional 30-Year Refinance	7.000%	7.337%	2.125	$2,328
Jumbo 30-Year Refinance	6.875%	7.131%	2.300	$6,240

Loan Type	Rate	APR	Est. Monthly Payment
Fixed 20-Year HELOC	9.875%	9.875%	$956
Fixed 30-Year HELOC	10.375%	10.375%	$905

Loan Type	Rate	APR	Points	Est. Monthly Payment
Conventional 30-Year Cash-Out Refinance	7.125%	7.505%	2.375	$2,021

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.349% APR and $2,250 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 November 6, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 6.916% APR and $2,239 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 November 6, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.892% APR and $3,024 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 November 6, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.188% APR and $2,299 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 November 6, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.119% APR and $6,240 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 November 1, 2026.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.411% APR and $2,250 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 November 6, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 6.983% APR and $2,252 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 November 6, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.043% APR and $3,046 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 November 6, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.337% APR and $2,328 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 November 6, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.131% APR and $6,240 monthly payment at 70% loan-to-value (LTV) and 2.300 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 1, 2026.

Fixed 20-Year HELOC: Interest rate offered based on $100,000 loan amount with 9.875% APR and $956 monthly payment at 20% loan-to-value (LTV) and 0.250 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.

Fixed 30-Year HELOC: Interest rate offered based on $100,000 loan amount with 10.375% APR and $905 monthly payment at 20% loan-to-value (LTV) and 0.125 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.

Home equity lines shown assume a 3-year draw period, a $25,000 minimum initial draw, a $99 annual fee, a $100 minimum payment. Repayment period is 204 and 324 months, following the draw period. Terms are an example only and vary by line amount, property and credit profile.

Conventional 30-Year Cash-Out Refinance: Interest rate offered based on $300,000 loan amount with 7.505% APR and $2,021 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 November 6, 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

Rates as of November 6, 2026 · Avg California property tax: 0.75% · Avg annual home insurance: $1,959

Today’s 30-year fixed refinance rate in California is 7.000% (7.337% APR), and a 15-year is 6.490% (7.043% APR). On a typical $597,000 California loan, that’s about $3,972 a month in principal and interest over 30 years or $5,197 over 15. These figures use a typical California home price of $853,000 (the average of the median prices in its largest cities) and a loan at 70% of that value. Your numbers depend on your balance, your home’s value and your credit.

How much could you save by refinancing in California?

Monthly savings on a $597,000 balance if you refinance into today’s 30-year fixed rate of 7.000% (7.337% APR), by the rate you have now. If your current rate is at or below about 7.000%, a rate-and-term refinance at today’s rate won’t lower your payment; a cash-out refinance or HELOC may fit better if you need cash.

Your current rate	Payment now	New payment	Monthly savings	Break-even
7.500%	$4,174	$3,972	$202	98 months
8.000%	$4,381	$3,972	$409	49 months
8.500%	$4,590	$3,972	$619	32 months

Principal and interest only, comparing 30-year payments on the same $597,000 balance. New payment at 7.000% (7.337% APR) with 2.125 discount points. Break-even divides the points and lender fees built into that APR (about $19,769 on this loan) by the monthly savings; title, appraisal and other third-party closing costs add to that (try our refinance break-even calculator with your own numbers). Restarting a 30-year term can mean more total interest even when the payment drops.

Refinance payments in California's largest cities

Estimated monthly cost after refinancing a loan at 70% of each city’s median home price into today’s 30-year fixed rate of 7.000% (7.337% APR), with local property taxes and homeowners insurance.

City	Median price	Loan (70%)	Principal & interest	Taxes & insurance	Total monthly
Los Angeles	$1,050,000	$735,000	$4,890	$887	$5,777
San Diego	$795,000	$557,000	$3,706	$651	$4,357
San Jose	$1,100,000	$770,000	$5,123	$751	$5,874
San Francisco	$1,200,000	$840,000	$5,589	$888	$6,476
Fresno	$435,000	$305,000	$2,029	$445	$2,475
Sacramento	$538,000	$377,000	$2,508	$505	$3,013

Principal and interest at 7.000% (7.337% APR) (30-year conforming refinance). Median prices from Movoto market trends, September 2026.

15-year vs. 30-year refinance in California

On a typical $597,000 California loan, a 15-year refinance costs about $1,225 more a month than a 30-year, but saves about $494,367 in interest over the life of the loan.

Loan term	Rate (APR)	Principal & interest	Total interest
30-year fixed	7.000% (7.337% APR)	$3,972	$832,868
15-year fixed	6.490% (7.043% APR)	$5,197	$338,501

Conforming refinance rates for California as of November 6, 2026. Total interest assumes you keep the loan for the full term and make every scheduled payment. Taxes and insurance are the same for either term.

Refinance options in California by loan type

The examples above assume you’re refinancing into a conventional loan. If you have an FHA or VA loan, owe more than the conforming limit, or want to take cash out, one of these options may fit better.

If you have an FHA loan

FHA streamline refinance

Refinance an existing FHA loan with limited credit documentation and often no appraisal. FHA mortgage insurance still applies.

If you have a VA loan

VA IRRRL

The VA’s Interest Rate Reduction Refinance Loan lowers your rate with less paperwork than a standard refinance, with no monthly mortgage insurance.

If you owe more than $832,750

Jumbo refinance

A balance above the county’s 2026 conforming loan limit refinances into a jumbo loan. Some California counties have higher limits, up to $1,249,125.

If you need cash

Cash-out refinance or HELOC

A cash-out refinance replaces your loan with a larger one and pays you the difference. A HELOC lets you borrow against your equity and keep your current rate.

California refinance programs

The California Housing Finance Agency (CalHFA) offers FHA, conventional and Dream For All refinance programs through CalHFA-approved lenders, and income limits apply. The FHA refinance doesn’t require a current CalHFA loan, while the conventional and Dream For All options are only for homeowners who already have that type of CalHFA loan. See CalHFA refinance details.

California refinance FAQs

What are refinance rates in California today?

As of November 6, 2026, Lower’s 30-year fixed refinance rate in California is 7.000% (7.337% APR) and the 15-year is 6.490% (7.043% APR). FHA refinances start at 6.500% (7.411% APR) and VA refinances at 6.625% (6.983% APR). Your rate depends on your credit, equity, loan amount and points.

When does refinancing make sense in California?

When the monthly savings pay back your closing costs before you sell or refinance again. On a typical $597,000 California loan, going from 8.000% to today’s 7.000% (7.337% APR) saves about $409 a month, and the points and lender fees in today’s quote (about $19,769) take about 49 months to recover. Compare the new term too: restarting at 30 years can add interest even when the payment drops.

Does CalHFA offer a refinance program?

Yes. CalHFA offers FHA, conventional and Dream For All refinance programs through approved lenders, with income limits. The FHA option doesn’t require a current CalHFA loan, but the conventional and Dream For All options require an existing CalHFA loan of that type.

Do Los Angeles, San Diego or San Jose have higher conforming loan limits?

Yes, in some: Los Angeles ($1,249,125), San Diego ($1,104,000), San Jose ($1,249,125). Most of California uses $832,750 for a one-unit home in 2026. A refinance above the limit is a jumbo loan, priced today at 6.875% (7.131% APR) for 30 years.

Can I refinance a VA loan in California?

Yes. If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan (IRRRL) can lower your rate with less paperwork than a standard refinance. Lower’s 30-year VA refinance rate in California is 6.625% (6.983% APR) today. VA and lender requirements apply.

Related California mortgage pages

Movoto market trends data, September 2026, for each city. Cities are the state's largest by Census Bureau population estimates (Vintage 2024) among cities with Movoto data; where a city has too few sales, the next-busiest markets by homes sold fill in. Conforming loan limits: FHFA, 2026. Property tax estimates use county effective rates from the American Community Survey; homeowners insurance estimates are average annual premiums from The Zebra; your quote will vary. Rates as of November 6, 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 California

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California Mortgage Refinance Rates

Current California Home Refinance Rates

Legal Disclosures

Get your personalized rate

Refinance Rates Trend in California

Legal Disclosures

How much could you save by refinancing in California?

Refinance payments in California's largest cities

15-year vs. 30-year refinance in California

Refinance options in California by loan type

FHA streamline refinance

VA IRRRL

Jumbo refinance

Cash-out refinance or HELOC

California refinance programs

California refinance FAQs

Related California mortgage pages

Loan Officers in California

Taylor Weiner

Alan Ben-Porat

Joe Tishkoff

Rick Penn

Gino Fronti

Scott Edwards

Claudia Diaz

Adriel Esparza

Josh Jarrard

Dilza Herrod

Edgar Ibarra

Miguel Esersky

Tony Valdez

Craig Barton

Irma Arteaga

Richelle Gaarde

Thomas Leong

Don Kingsborough

Benita Tadena

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