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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

2 NY Banks Fail
New York's Banking Department closed LibertyPointe Bank last week.

In addition, the state seized The Park Avenue Bank.

Valley National Bank took over the deposits and assets of both failed institutions from the receiver, the Federal Deposit Insurance Corporation.


FHA Delinquency Down, Purchase Apps Up
During February, FHA delinquency of at least 90 days fell 20 basis points from January.

The housing agency began publishing monthly delinquency around September 2009, and this was the first time since then that delinquency declined.

Purchase applications jumped to 37 percent in February from a month earlier.


Huge RMBS Sale
The Federal Deposit Insurance Corporation announced the sale of notes backed by $3.8 billion in residential mortgage-backed securities.

More than 70 investors, including banks and insurance funds, participated across fixed and floating rate series.

Investment funds and pension funds were also among the institutional investors.


Completed HAMPs Grow
As of February, servicers had completed 168,708 modifications under the Home Affordable Modification Program, the U.S. Department of the Treasury reported.

In January, 116,000 HAMP modifications had been completed.

As recently as October, Treasury data indicated that no permanent HAMP modifications had been completed.


Hotels Continue to Drag Down CMBS Performance
Delinquency on securitized commercial mortgages rose 31 basis points in February, Moody's Investors Service reported.

The increase was led by an 82 basis point surge in hotel delinquency.

Late payments on hotel loans rose faster than on any other loan type.