Simi Valley Mortgage and Housing Market Update — September 2025
Current Mortgage Rates in California and Ventura County
Mortgage rates in California and Ventura County have improved slightly compared to earlier this year, but they remain above the historic lows buyers enjoyed in 2021 and 2022.
California (average)
30-year fixed: 6.23%
15-year fixed: 5.63%
Ventura County (local)
30-year fixed: 6.17%
15-year fixed: 5.18%
Rates change daily and vary depending on borrower profile, credit score, and down payment.
California Law Updates: AB 130 and DFPI Assessments
Two new regulatory updates are important for California homeowners and borrowers this year:
AB 130 (Effective June 30, 2025)
Designed to protect homeowners from “zombie” second mortgages.
Prevents debt collectors or lenders from foreclosing on old second mortgages that borrowers believed were resolved.
Requires servicers to follow stricter communication standards.
DFPI Assessment Increase (September 2025 Bulletin)
California’s Department of Financial Protection and Innovation (DFPI) increased assessments under the California Residential Mortgage Lending Act (CRMLA).
$3,000 minimum fee for licensees with no lending activity.
$15,000 fee for licensees with lending, brokered lending, or servicing activity.
What This Means for Simi Valley Residents
For Buyers
Rates are slightly lower than earlier this year, which can make monthly payments more manageable. Pre-approval remains critical, especially in a competitive Southern California market.
For Sellers
With rates still above 6 percent, some buyers remain cautious. Pricing homes realistically and ensuring strong marketing can help listings stand out.For Homeowners with Older Mortgages
If you have a second mortgage that was modified or believed to be resolved years ago, AB 130 adds a new layer of protection against unexpected foreclosure actions.For Those Considering Refinancing
If your mortgage is significantly above today’s averages, refinancing could offer savings. However, compare closing costs against potential monthly savings before moving forward.
Quick Rate Snapshot
| Location | 30-Year Fixed | 15-Year Fixed |
|---|---|---|
| California Avg | 6.23% | 5.63% |
| Ventura County | 6.17% | 5.18% |
Bottom Line
Simi Valley buyers are entering a market where rates have stabilized, but affordability is still a challenge compared to a few years ago. Sellers must adjust expectations as higher borrowing costs limit some buyers’ budgets. Homeowners should be aware of California’s new AB 130 protections, as well as regulatory changes affecting lenders under DFPI rules.
If you are buying, selling, or refinancing in Simi Valley, The Mortgage Gurus are here to guide you with local expertise and up-to-date market insight.
