California — Wednesday, March 10, 2010

Zillow Mortgage Marketplace reports California mortgage rates for 30-year fixed-rate mortgages dropped 1 basis points from 4.72% to 4.71% on Wednesday. State mortgage rates ranged from the lowest rate of 4.71% (CA) to the highest rate of 5.38% (UT). Currently, California mortgage rates are 6 basis points lower than the national average of 4.77%.

The California mortgage rate on March 10, 2010, is down 4 basis points from last week's average California rate of 4.75%.