Zillow Mortgages Reports 1 bps W/W Drop in 30-Year Fixed Rate to 3.39%
Tweet
Share
E-mailGet Alerts Z Hot Sheet
Up)Join SI Premium – FREE
The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.39 percent, down 1 basis point from this time last week. The 30-year fixed mortgage hovered between 3.40 and 3.45 percent for most of the week before dipping to the current rate.
“Mortgage rates were flat last week, holding near three-year lows,” said Erin Lantz, vice president of mortgages at Zillow. “With relatively minor data scheduled for release this week, rates should remain near their current levels.”
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 2.63 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.64 percent.
Below are current rates for 30-year fixed mortgages by state. Additional states’ rates are available at: http://www.zillow.com/mortgage-rates.
| State | Current30-Year Fixed Rate (4/12/16) | Last Week’s 30-Year Fixed Rate (4/5/16) | Change in Basis Points | ||||||
| California Mortgage Rates | 3.41 | % | 3.41 | % | 0 | ||||
| Colorado Mortgage Rates | 3.39 | % | 3.38 | % | +1 | ||||
| Florida Mortgage Rates | 3.37 | % | 3.40 | % | -3 | ||||
| Illinois Mortgage Rates | 3.39 | % | 3.41 | % | -2 | ||||
| Massachusetts Mortgage Rates | 3.45 | % | 3.48 | % | -3 | ||||
| New Jersey Mortgage Rates | 3.38 | % | 3.42 | % | -4 | ||||
| New York Mortgage Rates | 3.45 | % | 3.48 | % | -3 | ||||
| Pennsylvania Mortgage Rates | 3.40 | % | 3.42 | % | -2 | ||||
| Texas Mortgage Rates | 3.39 | % | 3.41 | % | -2 | ||||
| Washington Mortgage Rates | 3.40 | % | 3.35 | % | -5 | ||||
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Zillow Group (ZG) PT Lowered to $53 at BofA Securities
- TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere'
- Factbox-Trump's second-term agenda: revenge, trade wars, mass deportations
Create E-mail Alert Related Categories
General NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
