Zillow Mortgages Reports 2 bps W/W Increase in 30-Year Fixed Rate to 3.31%
- Wall St. edges higher as earnings gather pace
- Alibaba (BABA) Tops Q3 EPS by 17c, Revenues Rise 54%
- DuPont (DD) Tops Q4 EPS by 9c; Sees Merger Closing in First Half
- Johnson & Johnson (JNJ) Tops Q4 EPS by 2c; Guides Modestly Below the Street
- Pre-Open Stock Movers 01/24: (MPSX) (IIVI) (AKS) Higher; (FSM) (OCUL) (VZ) Lower (more...)
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.31 percent, up 2 basis points from this time last week. The 30-year fixed mortgage rose Friday to 3.38 percent, then fell steadily back to the current rate over the rest of the week.
“Mortgage rates spiked almost 10 basis points late last week, reaching the highest levels since July before retreating, as markets react to the inevitability of tighter monetary policy in the U.S. and Europe,” said Erin Lantz, vice president of mortgages at Zillow. “This week markets are likely to be particularly jumpy in response to incoming data with eyes toward next week’s Federal Open Market Committee meeting.”
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 2.56 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.66 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-YearFixed Rate(9/13/16)||Last Week’s30-YearFixed Rate(9/6/16)||Change inBasisPoints|
|California Mortgage Rates||3.30||%||3.29||%||+1|
|Colorado Mortgage Rates||3.29||%||3.31||%||-2|
|Florida Mortgage Rates||3.31||%||3.26||%||+5|
|Illinois Mortgage Rates||3.33||%||3.31||%||+2|
|Massachusetts Mortgage Rates||3.32||%||3.28||%||+4|
|New Jersey Mortgage Rates||3.33||%||3.28||%||+5|
|New York Mortgage Rates||3.38||%||3.37||%||+1|
|Pennsylvania Mortgage Rates||3.31||%||3.30||%||+1|
|Texas Mortgage Rates||3.30||%||3.30||%||0|
|Washington Mortgage Rates||3.27||%||3.35||%||-8|
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump signs order withdrawing U.S. from Trans-Pacific trade deal
- Trump taps net neutrality opponent Ajit Pai to head FCC
- Trump trade strategy starts with quitting Asia pact: White House
Create E-mail Alert Related CategoriesGeneral News, Insiders' Blog
Related EntitiesFederal Open Market Committee, S3
Sign 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!