Wealthfront takes its low-rate mortgage push into California
Wealthfront Home Lending, a digital mortgage unit of Wealthfront, launched in California, Colorado and Texas, with plans to add Florida, Illinois, Oregon and Washington. The company says its rates are about 50 bps below the Freddie Mac national benchmark. For a $1M California purchase, it estimates $262 per month savings versus national averages. Wealthfront cites lower costs from software and reports average financed home value of $892,500.


