Mortgage Rates in San Francisco, CA: Today's Averages & 2026 Outlook
San Francisco 30-year fixed rates are running around 6.82% — roughly 3 bps below the national average of 6.85%. Here's how San Francisco rates stack up, what drives the metro spread, and the payment math on a typical San Francisco home.
Today's San Francisco rates by loan type
Estimates for San Francisco based on the current national 30-year average of 6.85% plus the metro's typical spread (-3 bps). Live national rate sourced daily from Freddie Mac PMMS. Your actual quote will depend on your credit, down payment, and lender.
What drives San Francisco mortgage rates
The national 30-year average sets the floor for every San Francisco lender. But the $San Francisco-Oakland-Berkeley metro typically prices about 3 basis points below that national benchmark because of local dynamics.
Local market read. Jumbo dominates; portfolio lenders often price meaningfully below agency for strong borrowers.
Who's lending. Portfolio banks (First Republic legacy, private-bank arms) lead.
Median deal size. A typical San Francisco loan is around $900,000 on a $1,195,000 home. That sits well above conforming, so jumbo pricing rules almost every purchase.
What a typical San Francisco payment looks like
| Line item | Estimate |
|---|---|
| Median home price (San Francisco-Oakland-Berkeley) | $1,195,000 |
| Median loan amount | $900,000 |
| 30-yr rate (San Francisco avg) | 6.82% |
| Monthly principal & interest | $5,879 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$7,643 |
Directional math for San Francisco in 2026. Add property taxes, homeowners insurance, PMI (if less than 20% down), and any HOA dues for full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
More on buying in California
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San Francisco mortgage rates: FAQ
What is today's mortgage rate in San Francisco, CA?▾
The average 30-year fixed mortgage rate in San Francisco is around 6.82% — 15-year fixed near 6.07%, FHA around 6.57%, VA around 6.47%. That's roughly 3 bps below the current US 30-year average of 6.85%. Your actual rate depends on credit score, down payment, loan type, and lender competition — always compare Loan Estimates from at least three lenders.
How do San Francisco mortgage rates compare to the national average?▾
San Francisco rates typically sit slightly below (about 3 bps lower than) the US 30-year average. The metro spread reflects local lender competition, loan mix, and property-tax/insurance dynamics specific to the San Francisco-Oakland-Berkeley area.
What's the median home price in San Francisco?▾
The median home price in the San Francisco-Oakland-Berkeley metro is about $1,195,000, with a typical loan amount of $900,000 at conventional LTVs. At today's 6.82% rate, principal and interest on that loan runs about $5,879/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues.
Who are the top lenders in San Francisco?▾
Portfolio banks (First Republic legacy, private-bank arms) lead. You'll get the best rate by comparing at least three Loan Estimates — a mix of a national non-bank lender, a local credit union, and (for higher loan amounts) a portfolio bank tends to reveal the best pricing for your specific profile.
Should I lock my rate now or wait in San Francisco?▾
Jumbo dominates; portfolio lenders often price meaningfully below agency for strong borrowers. On rate timing itself, no one can call the exact peak or trough — but if the payment on your target San Francisco home works today at 6.82%, locking and refinancing later if rates fall is a well-worn playbook. Our Right-Time-to-Buy tool models the wait-vs-buy math for you.