The cost of purchasing a home varies significantly from one state to another. This is not only because the price of houses differs depending upon location, but also because the interest rates attached to mortgage loans vary from one state to another. In addition, closing costs can be higher in certain locations. It is important for an individual to understand California mortgage loans before purchasing a home in California. There are also a number of laws regarding California mortgage loans that a potential home owner should be familiar with. For example, state legislation prohibits individuals from acquiring a mortgage unless they obtain consent from his/her spouse. His/her spouse may need to provide the lender with personal information if child support or alimony is included in the applicants’ income. Currently, the mortgage rates in the state of California are increasing. In September 2010, mortgage rates jumped to 4.5%, which means that for every $1,000 included in the loan, an individual may be required to pay up to an additional $.30 every year. This can add up quickly. However, it is important to note that mortgage rates fluctuate often. Under the California Residential Mortgage Lending Act and California Finance Lenders Law, the Commissioner of Corporations is given the responsibility of granting licenses to mortgage professionals. These professionals are required to meet certain insurance and income requirements. Mortgage professionals are not permitted to discriminate against applicants based on race, religion, sexual orientation, or for any other reason. Applicant discrimination is prohibited under the California Civil Rights Act and the Americans with Disabilities Act, which was passed in 1990.