Here’s a brief update on current mortgage rate trends, especially as they relate to Westlake Village, Thousand Oaks and Agoura Hills in Southern California

Key Mortgage Rate Data

• In Thousand Oaks, typical rates for a 30-year fixed conforming loan are around 5.75% – 6.00% interest.
• In Westlake Village, similar 30-year fixed rates are roughly 5.75% – 5.875% interest.
• Across California overall, the averages are slightly higher: about 6.34% for a 30-year fixed mortgage, and 5.71% for a 15-year fixed loan.

Local Market & Housing Considerations According to Redfin.

• The median home price in Thousand Oaks is about $1.1 million, up ~7% year-over-year. Homes are spending on average ~51 days on market.
• In Westlake Village, median home price is ~$1.39 million, down slightly (≈3%) from last year, but price per sq. ft. has increased ~4%.
• In Agoura Hills, the median sale price is about $1.074 million, up ~5.8% from last year. Homes are selling, on average, after 89 days on the market.

Implications & What to Consider

• These rates are somewhat elevated compared to more favorable historical lows, but recent small declines give buyers better leverage than earlier this year.
• Affordability remains a challenge given high home values in both Thousand Oaks and Westlake Village. Even small shifts in rate can significantly affect monthly payments, especially for high-value homes.
• If you’re planning to buy or refinance, locking in a good rate sooner rather than later could make sense, since while rates seem modestly downward-trending, they could move up depending on economic or inflationary pressures.

Top Local Lenders & Brokers to Check Out

Here are local mortgage lenders, brokers, and resources. It’s good to get quotes from multiple providers to compare not just the rate, but also the APR/fees, points, and local terms.

• Community First Mortgage: Very active locally (Westlake Village, Thousand Oaks, Agoura Hills). Known for competitive rates and good customer service.
• CrossCountry Mortgage (Branch in Westlake Village) Offers purchase and refinance loans. Good option for local contact.
• Citywide Home Mortgage (Westlake Village branch): Good local lender. Useful to get their quotes to see where they fall.
• Guild Mortgage (Westlake Village branch): Experienced independent lender, with a local presence. They often help with a variety of loan types.
• Bank of America (Westlake Village): Larger bank option. Good to compare — sometimes their fees or processing are different than smaller brokers. homeloans.bankofamerica.com

What to Ask & Compare

When comparing lenders, here are important things to check:

• APR vs interest rate (APR includes fees & closing costs; sometimes a rate that seems higher can be cheaper overall if fees are lower)
• Points (are you paying for discount points up-front to lower rate?)
• Loan term (30-yr vs 15-yr vs 20-yr)
• Loan type (conforming, FHA, VA, jumbo)
• Local lender fees (appraisal, title, underwriting)
• Lock-in options (how long is the quoted rate valid, is there a float option?)

Mortgage rates across Westlake Village, Thousand Oaks, and Agoura Hills are holding steady around 5.75%–5.99% for a 30-year fixed loan, with 15-year options dipping closer to 4.9%–5.1%. These rates are still lower than the California state average (~6.34%), which gives local buyers a competitive edge in today’s market.

If you’re considering buying, selling, or refinancing in our area, now is a smart time to review your options. Even a small shift in rates can significantly impact monthly payments on homes in our market, where prices range from the $1M–$1.4M median.

I work with top local lenders in Westlake Village, Thousand Oaks, and Agoura Hills and can help you compare rates, terms, and strategies to maximize your buying or selling power.

Let’s set up a quick consultation to see how today’s rates can work in your favor. Whether you’re looking to purchase, refinance, or simply understand your options, I’ll guide you every step of the way.

📲 Contact me today — Tina Lucarelli, your trusted Conejo Valley real estate advisor.

Tina Lucarelli - Westlake Village Real Estate Advisor - DRE 02102354 - 310-738-8089

The One Luxury Properties, Inc.