30-Year Fixed Mortgage Rates in ZIP Code 90016

Today's leading benchmark rate for 30-year fixed rates in 90016, Los Angeles, CA is 6.790% (with an estimated monthly payment of $4,512). Calibrated directly to 90016, Los Angeles, CA's local housing market, Safe Rate shows up-to-the-minute interest rates and points across Conventional, FHA, VA, and Jumbo loan programs daily.

Mortgage rates for 30-year fixed rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, rates for 30-year fixed rates in 90016, Los Angeles, CA have hovered between a low of 6.409% and a high of 6.867%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.

Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $1,228,061 in 90016, Los Angeles, CA, a standard 20%-down Conventional loan requires an upfront cash down payment of $245,612 but keeps your monthly payment lower at $4,512/mo (at 6.790% interest) with no monthly PMI. In comparison, an FHA loan requires only $42,982 (3.5% down) but has an estimated payment of $5,075/mo (at 5.957% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $1,185,079 falls comfortably within the local HUD FHA loan limit of $1,209,750 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.

The 2025 conforming conventional loan limit for a 1-unit property in 90016 is $806,501. With a typical local home value of $1,228,061 in Los Angeles, a standard 20%-down mortgage requires a loan size of $982,449. Since this exceeds the conforming limit of $806,501, most typical transactions in Los Angeles require a non-conforming Jumbo loan, which demands stricter underwriting guidelines, higher credit scores, and larger asset reserves.

The median home value in 90016, Los Angeles, CA is estimated at $1,228,061. Buying a typical home here with a standard 20% down payment ($245,612) translates to an estimated starting monthly mortgage payment of $4,512 (principal and interest). Compared to the local area median household income of $78,559 ($6,547/mo), this basic housing payment represents approximately 68.9% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.