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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 your current California mortgage at todays low interest rates.

Refinance to a Lower California Mortgage Rates
Have California mortgage rates dropped since you financed your mortgage?


Get Pre Qualified for a California mortgage today!

Get Pre Qualified Now
Many California realtors won't show you homes until you're pre qualified for a mortgage.


Refinance your current California mortgage and consolidate all your debts for a lower monthly payment.

Consolidate Your Monthly Debt
Consolidate all your debts into a single monthly mortgage payment and save.


Refinance your current California mortgage to a shorter 15 year mortgage.

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

Record Rates Rising
Freddie Mac reported this week that the average 30-year fixed-rate mortgage fell to 4.32 percent.

It was the lowest level recorded since Freddie began tracking the 30-year nearly four decades ago.

But a 7-basis-point jump in the 10-year Treasury yield suggests mortgage rates will be higher in next week's reports.


Credit Agencies Sued Over Bankrupt Account Reporting
A lawsuit was filed Virginia on behalf of 47 Virginia plaintiffs who said their credit reports contain inaccurate information.

All of the plaintiffs have filed for bankruptcy.

But their credit reports contain records of debt that still appear active even though it has been discharged.


Over 1,000 Layoffs as Servicer Offices Close
The acquisition of HomeEq Servicing by Ocwen Financial Services has completed.

Ocwen said that it plans to close a facility in Raleigh, N.C., and eliminate 242 jobs.

Around 900 California employees are being laid off later this year as the company's facility in that state closes.<


Bank Performance Improves
On overall bank loan assets, delinquency of at least 90 days fell 4.8 percent, according to the Quarterly Banking Profile from the Federal Deposit Insurance Corp.

It was the first quarterly decline since the beginning of 2006.

Quarterly earnings for the sector were $21.6 billion.

Banks lost $4.4 billion in the same period last year.


Activity Eases as Fixed Rates Fall
More downward movement in mortgage rates -- which were already at record lows -- wasn't enough to lift the Mortech-Mortgage Daily Mortgage Market Index higher.

For the week ended Wednesday, the index was 348, easing from 355 last week.

The decline in activity came despite that the conventional 30-year rate edged down to 4.317 percent from 4.320 percent last week.