Zillow (Z) Reports 3 bps in 30-Year Fixed Mortgage Rate to 3.72% W/W

The 30-year fixed mortgage rate on Zillow (Nasdaq: Z) Mortgages is currently 3.72 percent, down three basis points from this time last week. The 30-year fixed mortgage hovered around 3.75 percent throughout the week before dipping to the current rate.

"Mortgage rates remained flat most of last week, holding near their lowest levels in a month," said Erin Lantz, vice president of mortgages at Zillow. "We expect rates to be more volatile this week leading up to Friday's monthly jobs report, several important Fed speeches, and possible shifts in energy markets after the Organization of Petroleum Exporting Countries' (OPEC) annual summit on Friday."

Zillow's real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages site and reflect the most recent changes in the market. These are not marketing rates, or a weekly survey.

The rate for a 15-year fixed home loan is currently 2.91 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.92 percent.

Below are current rates for 30-year fixed mortgages by state. Additional states' rates are available at: http://www.zillow.com/mortgage-rates.

You May Also Be Interested In

• Ford (F) earnings top estimates in Q1 amid strength in Pro unit; stock up
• Conmed (CNMD) Appoints Patrick Beyer as COO
• Arvinas Inc. (ARVN) Appoints Randy Teel as Chief Business Officer