Rates change daily. Here's where the market sits right now, what's moving it, and what it means for buyers and homeowners in Los Angeles.
The rates below are national averages reported by Mortgage News Daily. They come from real lender rate sheets and update every weekday around 4PM Eastern. What they cannot tell you is what rate you will actually be offered.
Your real rate depends on credit score, down payment, loan amount, property type, occupancy, and how aggressively a lender is pricing on any given day. A buyer with strong credit and 25 percent down on a single family home might land below the national average. A buyer with 5 percent down on a condo might land above it. Same market, different numbers.
Use this page to watch the trend, not to plan your payment. For that, we should talk.
Average rates across the lenders Mortgage News Daily surveys, updated daily around 4PM Eastern. This is the industry-standard daily index, used by mortgage professionals to track market movement.
National rate averages provided by Mortgage News Daily. Updated each weekday around 4PM Eastern.
Daily commentary from Mortgage News Daily's Rate Watch — written by professional analysts who explain the why behind each day's rate movement.
If you are buying right now: Lock conversations matter more than ever. Rates can move by 0.25 percent in a single week of volatility. Your pre-approval gives you a window. We should discuss whether to lock at application or float into the contract.
If you are pre-approved and shopping: Your rate is not locked until we lock it. The number on your pre-approval is a snapshot. If you have been shopping for 30 plus days, your rate assumption is probably stale. Quick refresh keeps your DTI numbers accurate.
If you have a rate above 7 percent from 2023 or 2024: You should know your refinance breakeven number. There is a rate threshold at which it makes sense to act. Below that, holding is correct. We track it for you so you know when to move.
If you are deciding between buying now or waiting: The math here is rarely about the rate alone. It is about home appreciation versus rent paid versus tax benefit versus the cost of waiting. The "wait for rates to drop" thinking misses how the rest of the math compounds. Worth a conversation.
National averages are starting points. Your real rate depends on your specific situation. Fifteen minutes on the phone tells you exactly where you stand. No commitment, no hard sell.
Book a 15-minute callRates displayed are national averages reported by Mortgage News Daily based on their daily survey of lender rate sheets. They reflect average rates offered by the lenders surveyed, not a specific loan offer or commitment to lend. Your actual rate will depend on your credit profile, down payment, loan amount, property type, occupancy, and other factors. The market commentary linked above is provided by Mortgage News Daily and reflects their analysis, not the views of Daryn Fillis or NEO Home Loans. For a rate specific to your situation, contact Daryn directly. NEO Home Loans powered by Better Mortgage Corporation. Equal Housing Opportunity. Daryn Fillis NMLS #1988371. Branch NMLS #2733710 · 222 Pacific Coast Hwy, 10th Floor, Suite 135, El Segundo, CA 90245.