In the real estate market, the best deal is the one that comes with a low interest rate.
But it’s not a guarantee.
The average California mortgage rate, according to Equifax, is 3.6%.
So you’ll have to pay more to get the same amount of mortgage in most markets.
The most expensive California mortgage rates are in the San Francisco Bay Area (3.25%), the Santa Barbara, Costa Mesa and San Luis Obispo Counties (3%), the Los Angeles metropolitan area (3%) and the Orange County, Orange, Riverside, San Bernardino and San Diego Counties.
To qualify for a lower mortgage rate in these areas, you have to: Live in the area