Santa Monica Monthly – October 2025

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Mortgage Rates Ease, But Remain Steady

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As of October 7, 2025, the average 30-year fixed mortgage rate in California is 6.40%, while the 15-year fixed rate stands at 5.71%.

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After reaching nearly 8% in late 2023, mortgage rates across California and the rest of the country have gradually eased. The decline, however, has been slower than many homebuyers anticipated. Recent months have seen further dips in response to ongoing economic uncertainty. Most analysts predict rates will remain between 6% and 7% through the remainder of the year, likely settling around 6.5% as 2025 comes to a close.

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Food Obsession of the Month

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Cowboy Potato Skins

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This fall, potato skins are getting a Southwestern twist. Already a game-day favourite, these crispy, cheesy bites get even better with hearty chili and a kick of pickled jalapeños, making them the first snack to vanish before halftime.

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Source: Delish