|California Real Estate at a Glance:|
|Population:||3,8041,430||Est. % of all sales that are short-sales:||14%|
|Land Mass in Square Miles:||163,695.57||Property Taxes % of Home Value:||0.74%|
|Median Home Value:||$384,200|
Here are today’s average mortgage loan interest rates for the state of California.
California is the third largest state in the country, and boasts an extremely competitive housing market. The weather, culture, and natural amenities make The Golden State one of the most desirable living locations in the United States. Couple those sought-after traits with the fact that California’s average property taxes rank amongst the lower 25 states in the nation, and it should come as little surprise why so many people want to own property in California.
But those amenities don’t come without a cost. According to a recent Tax Foundation report, California’s median home value is the second highest in the nation. Monitor these home loan interest rates closely, and try to buy when both home values and rates are in your favor.