Mortgage rates for Los Angeles, California go down to 3.00%

Mortgage rates for Los Angeles, 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 Los Angeles, California is now at 4.56%.

Los Angeles Market Trends

Los Angeles is a large metropolis of a city located in Southern California. Los Angeles is well known for the being the entertainment capital of the USA. Music and film have a large presence here. Los Angeles has been called crowded and certainly has its detractors - but for those who enjoy living amongst the bright lights and movie stars, Los Angeles is a lively and exciting place to live.

For quarter ending December 13:

The average price/sqft was $434, an increase of 16.4% compared to period last year. The median sales price for homes for September 13 to December 13 was $525,000 based on 2,106 home sales. Compared to one year ago, the median home sales price increased 16.7%, or $75,000, and the number of home sales decreased 18.4%. 

Popular communities in Los Angeles include Hollywood Hills and Bel Air, with average listing prices of $2,714,806 and $6,969,371.

Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified Los Angeles mortgage lender who can find you the right loan. 

Lenders in: Los Angeles, California.