California — Tuesday, March 9, 2010

Zillow Mortgage Marketplace reports California mortgage rates for 30-year fixed-rate mortgages dropped 1 basis points from 4.76% to 4.75% on Tuesday. State mortgage rates ranged from the lowest rate of 4.66% (ID) to the highest rate of 5.63% (NE). Currently, California mortgage rates are 3 basis points lower than the national average of 4.78%.

The California mortgage rate on March 9, 2010, is equal to last week's average California rate of 4.75%.