Welcome to California Mortgage Source
California Mortgage Source has been helping California mortgage borrowers find the lowest cost mortgages for refinance, new home purchase and home equity loans since 2002. California lenders compete for your business with their best offers and lowest interest rates!
Refinance to a Lower California Mortgage Rates
Have California mortgage rates dropped since you financed your mortgage?
Get Pre Qualified Now
Many California realtors won't show you homes until you're pre qualified for a mortgage.
Consolidate Your Monthly Debt
Consolidate all your debts into a single monthly mortgage payment and save.
Shorten Your Current Mortgage
You can shorten the term of your existing mortgage with a new 15 year mortgage.
California Mortgage Rates
On California Mortgage Source you'll find the lowest mortgage rates offered i the Calfornia mortgage market and the lowest total cost mortgages. To get started now just click "Get Quotes Now" above.
If you're Looking for a mortgage in California -- why not get informed before you start? If you're planning to refinance an existing high interest mortgage with California's lowest mortgage rates -- why not have the knowledge to discuss your needs in an educated manner? If you're interested in refinancing with cash out in order to make home improvements or if you need a new mortgage to consolidate existing loans -- get the details before you speak with a mortgage broker! Or maybe you need commercial loan information? Well, this website will help!
We work hard to provide our website visitors with the best California mortgage and refinance information so they can find the the lowest California mortgage interest rates available and the lowest total cost California mortgages for both California residential mortgages and USA commercial loans. We are committed to earning the confidence and respect of every California mortgage borrower who visits our website.
We keep abreast of the latest trends and best California mortgage and refinancing programs available and post this information here on our website for your benefit.
Our interest is in you the California mortgage borrower, not the lender or loan program! Our professional mortgage information will be invaluable when you begin your search of the California mortgage market! We will help you match your needs and requirements with the most appropriate lending program. We can help you find the best mortgage program with the lowest mortgage interest rates available in California. And in most cases with no origination fee!
California Refinance
Reasons to refinance your California mortgage:
1. California Interest rates may be lower now than when you originally got your current California mortgage. If interest rates are 1 percentage point below your current interest rate you should look into refinancing.
2. Maybe when you originally got your California mortgage you took an adjustable rate mortgage, and now with California mortgage interest rates lower it's time to switch it to a fixed rate mortgage. Fixed rate California mortgages can reduce your monthly payments if the interest rates have dropped sufficiently.
3. Perhaps you want to make some home improvements and need cash out to finance the changes.
4. Maybe you want to change the term of your current 30 year California mortgage to a 15 year mortgage at today's lowest California mortgage interest rates.
California Mortgages & Interest Rates
Low California interest rates? High California interest rates? Where will they move next, up or down? California interest rates can fluctuate many times during each day that the financial markets are open. California Mortgage rates tend to follow the bond market. When bond prices rise mortgage rates tend to fall. Read more about California mortgage rates.
California Real Estate & Mortgage News
Residential loan servicers filed foreclosure notices on 188,780 properties during April. Filings include default notices, scheduled auctions and repossessions.
The last time foreclosures were this low was in July 2007, when 179,599 U.S. properties were hit with a filing.
The pilot program tested last year by BofA in Florida offered borrowers up to $20,000 to sell their home in a short sale. Nearly 11,000 borrowers took the bank up on its offer, and several hundred have closed so far.
Now BofA is taking the program national, though sand states are expected to see the most participation. Maximum payouts have been increased.
Residential delinquency of at least 30 days was 11.79 percent as of the first quarter.
The rate fell from 11.96 percent in the fourth quarter. Delinquency has been lower each quarter since the second-quarter 2011, when the rate was 12.87 percent.
Mortgage-backed securities guaranteed by Ginnie Mae during April leapt 25 percent from March, according to monthly data.
Securitizations were 38 percent stronger than in April 2011 at the Washington, D.C.-based company.
The program was originally launched in March 2009, though participation was far lower than originally projected.
So HARP guidelines were eased in October 2011 with the elimination of requirements for loan-to-value limits, mandatory appraisals and representations and warranties.
