Current Refinance Rates - 30 Years  California Lenders Under 6% 30 Year Fixed Rate

5.875% and LOWER!

Looking for California's Lowest Refinance Rates?  ERATE.com helps you compare current refinance rates in California.  Select from popular programs like the 30 Year Fixed, 15 Year Fixed, 5/1 ARM or other programs. We list top offers from numerous lenders for you.  Rates are updated daily. Additionally you can have current refinance rates instantly via our Mortgage Rates iPhone App

(Last Updated: 12/18/2025)
Lender
APR
Rate
Payment
Points
Fees
Loan Type
 Contact details
5.099% APR 4.875% Rate 30 day rate lock $1,694 Payment per month
0.935 Points$2,992 Points Fee
$8,277 Total Fees$5,285 Lender Fees
 5 Years ARM
5.472% APR 5.375% Rate 30 day rate lock $1,792 Payment per month
0.746 Points$2,387 Points Fee
$3,482 Total Fees$1,095 Lender Fees
 5 Years ARM
5.507% APR 5.375% Rate 30 day rate lock $1,792 Payment per month
0.882 Points$2,822 Points Fee
$4,812 Total Fees$1,990 Lender Fees
 5 Years ARM
5.629% APR 5.500% Rate 30 day rate lock $1,817 Payment per month
0.930 Points$2,976 Points Fee
$4,576 Total Fees$1,600 Lender Fees
 5 Years ARM
5.703% APR 5.625% Rate 30 day rate lock $1,843 Payment per month
0.854 Points$2,733 Points Fee
$2,733 Total Fees$0 Lender Fees
 5 Years ARM
6.096% APR 5.990% Rate 30 day rate lock $1,917 Payment per month
0.774 Points$2,477 Points Fee
$3,638 Total Fees$1,161 Lender Fees
 5 Years ARM
6.174% APR 6.000% Rate 45 day rate lock $1,919 Payment per month
0.875 Points$2,800 Points Fee
$6,000 Total Fees$3,200 Lender Fees
 5 Years ARM
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5.441% APR 5.375% Rate 30 day rate lock $1,792 Payment per month
0.732 Points$2,342 Points Fee
$2,342 Total Fees$0 Lender Fees
 5 Years ARM
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
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What Are Refinance Rates?

Refinance rates are the rates that lenders offer to refinance your existing mortgage. Borrowers normally choose either a rate and term refinance or a cash out refinance. In the rate and term refinance you take out a new loan to pay off the balance of your current mortgage and then pay off that new loan over time, usually 15 or 30 years. This is done when the rate on the new mortgage is lower than your existing mortgage so you can reduce the monthly payments in comparison to your existing mortgage. Instead of paying a down payment, as in a home purchase, you will use the equity in your home in order to meet the lenders loan to value (LTV) guidelines. In the cashout refinance you refinance to a new mortgage to obtain additional cash, normally for personal use. Usually a cashout refinance mortgage has higher points or a slightly higher rate.

When does it make sense to Refinance?

It makes sense to refinance your home when it will result in a lower monthly mortgage payment, a lower interest rate, to get needed cash, etc. Here are some specific situations where refinancing can make sense:
1. Interest rates have dropped: If interest rates have fallen since you took out your original mortgage, refinancing to a lower rate can reduce your monthly payments and overall interest costs.
2. Refinancing your home to get cash, also known as a cash-out refinance, can be a viable option if you need to access your home's equity for a specific purpose, such as paying off high-interest debt, making home improvements, or paying for college expenses.
3. You have improved your credit score: A higher credit score can result in a lower interest rate, so if your credit score has improved since you took out your original mortgage, refinancing could be beneficial.
4. You want to shorten the term of your mortgage: Refinancing to a shorter term mortgage can result in a lower interest rate, but it usually also means higher monthly payments.
5. You want to switch from an adjustable-rate mortgage to a fixed-rate mortgage: An adjustable-rate mortgage can result in fluctuating monthly payments, whereas a fixed-rate mortgage provides stability and predictability. Refinancing to a fixed-rate mortgage can make sense if you want to lock in a low rate for the life of your loan.
It's important to consider the costs of refinancing, such as closing costs, appraisal fees, and other expenses, before making a decision to refinance. It's recommended to compare the costs of refinancing to the potential savings to determine if it makes sense for your specific situation. It's also advisable to consult with a financial advisor before making a decision.

Are You Looking for the Best Refinance Rates in California?

If you're looking for the best refinance rates in California then we're here to help.

You can use our site to compare the rates from a wide range of popular lenders for both purchases and refinancing. You can filter by loan type, duration of loan, credit score, and even by state to ensure that you really do find the best refinance rates in California. Additionally you can sort your mortgage lenders results by Annual Percentage Rate (APR) , mortgage rate, monthly mortgage payment, points, lender fees, and type of mortgage.

CalHFA (California Housing Finance Agency)

CalHFA offers various loan programs to assist homebuyers in California. These programs include first mortgage loans insured through private mortgage insurance on the conventional market with fixed interest rates for 30-year terms. CalHFA also offers government-insured loans such as FHA (Federal Housing Administration) loans. The MyHome Assistance Program* can be combined with some of these loan programs to provide a deferred-payment junior loan to assist with down payment and/or closing costs. CalHFA’s goal is to provide financing and home loan programs that create safe, decent, and affordable housing opportunities for low- to moderate-income Californians.

*The MyHome Assistance Program is a program offered by the California Housing Finance Agency (CalHFA) that provides a deferred-payment junior loan to assist with down payment and/or closing costs. The loan amount can be up to 3.5% of the purchase price or appraised value, whichever is less. This program can be combined with a conventional (Fannie Mae HFA Preferred) or FHA first mortgage. It is designed to help low- to moderate-income first-time homebuyers in California.

We provide original, unbiased, user-friendly tools and information for consumers to rely on when making important personal financial decisions relating to mortgages as well as a variety of loans connected to autos, credit cards, personal, home equity loans.

Find your perfect refinance loan today!

Refinance rates fluctuate, so the best time to refinance is when they reach their very lowest. Of course, it's impossible to know in advance when rates are at their lowest.

The good news is that at the moment refinance rates are still low (compared to historical rates) so if you've got a mortgage that you've had for a while, you should consider refinancing. It's possible that your current rate is higher than you could get currently.  You can easily view our refinance rates by using our iPhone Mortgage Rates App.

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