Mortgage rates for Long Beach, California go down to 3.00%

Mortgage rates for Long Beach, California on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Long Beach, California is now at 4.56%.

Long Beach Market Trends

Long Beach is the second largest city in Los Angeles County, and the fifth largest in the State of California. The Port of Long Beach is one of the largest shipping ports in the world. The city is home to a ship/hotel called the Queen Mary. Legend has it that the ship is haunted, and certain rooms are not open to guests due to stories of what may have taken place there. Long Beach is a bustling and active place with a strong economy that relies upon healthcare, oil, electronics, and manufacturing. 

For quarter ending December 13: 

The average price/sqft was $348, an increase of 21.7% compared to last year. The median sales price for homes for September 13 to December 13 was $410,000 based on 693 home sales. Compared to one year ago, the median home sales price increased 22%, or $74,000, and the number of home sales decreased 10.6%.

Popular communities in Long Beach include Downtown Long Beach and Cal Heights/Bixby Knolls/Los Cerritos, with average home listing prices of $484,401 and $631,444.

Lenders in: Long Beach, California.