According to the California department of business oversight, the path to homeownership is for you to understand financing. On page 2 of the path to homeownership booklet they explain mortgage rates: The most common type of mortgage loans are: • Fixed-rate mortgage interest rates remain the same for the term of the loan. • Adjustable-rate mortgage interest rates can increase or decrease during the term of your loan, which can cause a significant change in your monthly payments. For local resources please give Red Fox a call at 909-289-3354.