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Modesto Mortgage Rates

Updated: July 11, 2020

Compare today's rates for Mortgage Refinance in CA

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Mortgage rates for Modesto, California go down to 3.03%

Saturday, July 11, 2020

Mortgage rates for Modesto, California on Lender411 for 30-year fixed-rate mortgages are at 3.03%. That dropped from 3.03% to 3.03%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Modesto, California is now at 4.56%.

Modesto Market Trends

Modesto is a central California city founded in 1870. Modesto was once more of an agricultural center, and now it is more of a 'bedroom community'. Food processing is a major industry in Modesto. 

The average price/sqft was $119, an increase of 28% compared to last year. The median sales price for homes for October 13 to January 14 was $180,000 based on 633 home sales. Compared to one year ago, the median home sales price increased 25.9%, or $37,000, and the number of home sales decreased 16.3%.

The average listing price for homes was $243,044 for the week ending January 1, which represents a decrease of 3.8%, or $9,563, compared to the previous week.

Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified Modesto mortgage lender who can find you the right loan.

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