Average Mortgage Rates in Santa Cruz Today

You have most likely been hearing a lot about Santa Cruz mortgage rates as of late, as news of new interest rate lows continues. If you’re in the market for a new home and will need financing, now is one of the best times to obtain a Santa Cruz mortgage. However, it can be difficult to decide which rates in the city are really the best, and which lenders are providing mortgage loans at a higher-than-average rate.

That’s why being aware of the average mortgage rates in Santa Cruz will help you determine which offers are truly competitive for the region, and which you should pass up. Below, we’ve compiled a list of the average Santa Cruz mortgage rates for several home loan types, including both fixed rate and ARMs.

Average Fixed Mortgage Rates in Santa Cruz

15-Year Fixed: 3.35%

30-Year Fixed: 4.18%

Average ARM Interest Rates in Santa Cruz

3/1 ARM: 2.64%

5/1 ARM: 2.67%

Please note these interest rate averages are based on data as of October 1, 2011, but are subject to change at any time. You may be subject to additional requirements and credit approval in order to qualify for a lender’s best rate.