Today's rate edged up a tick. Here's what you're paying now.

The 10-year Treasury (the government bond that sets mortgage rates) closed at 4.44% today, up about 6 basis points from yesterday. When that bond moves up, mortgage rates usually tag along. Today's average rate is 6.375% (6.424% APR) for a 30-year fixed. On a $500,000 loan, that's about $3,090 a month in principal and interest.

If you've been watching rates creep lower over the past few weeks, this is a small step back. The Fed meets again on July 29, and traders are pricing in what might happen next. Between now and then, expect some chop. If you're payment-sensitive and want a lower monthly number up front, a 40-year interest-only loan at 6.625% (6.764% APR) drops that same payment to $2,760. It's one option. Not for everyone, but it's there.

If you're close to ready, lock it in and move. Small moves add up fast, and waiting for perfection usually costs more than it saves. I'm here when you want to run the numbers. I answer my own phone.

Rates shown are today's average California rates as of 6/24/2026, for general information only and not an offer or commitment to lend. Your actual rate and APR depend on your credit, loan amount, down payment, and property, and rates and terms can change at any time. Brett Hickman, NMLS #2010859. Home First Financial, NMLS #2465048. Equal Housing Lender.