30-Year Fixed Mortgage Rates Rise Slightly to 3.61% - Zillow
Tweet
Share
E-mailThe 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.61 percent, up one basis point from this time last week. The 30-year fixed mortgage rate rose on Wednesday then hovered around the current rate for the rest of the week.
“Mortgage rates were roughly flat last week holding near post-election lows on a series of disappointing inflation and labor market data, and on renewed geopolitical risk in Asia,” said Erin Lantz, vice president of mortgages at Zillow. “This week markets are likely to focus on several high-profile Fed speeches – five of the nine FOMC voters are speaking this week – leading up to the Fed’s mid-September 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 2.90 percent, and 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.
| State | Current30-Year Fixed Rate (9/5/17) | Last Week’s 30-Year Fixed Rate (8/29/17) | Change in Basis Points | ||||
| California Mortgage Rates | 3.61 | % | 3.58 | % | +3 | ||
| Colorado Mortgage Rates | 3.61 | % | 3.61 | % | 0 | ||
| Florida Mortgage Rates | 3.57 | % | 3.59 | % | -2 | ||
| Illinois Mortgage Rates | 3.63 | % | 3.62 | % | +1 | ||
| Massachusetts Mortgage Rates | 3.60 | % | 3.60 | % | 0 | ||
| New Jersey Mortgage Rates | 3.59 | % | 3.61 | % | -2 | ||
| New York Mortgage Rates | 3.69 | % | 3.66 | % | +3 | ||
| Pennsylvania Mortgage Rates | 3.60 | % | 3.58 | % | +2 | ||
| Texas Mortgage Rates | 3.58 | % | 3.56 | % | +2 | ||
| Washington Mortgage Rates | 3.63 | % | 3.55 | % | +8 | ||
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed's Hammack warns of rate hikes if inflation persists
- Oil gains as Middle East hostilities flare
- Fed's Schmid warns against viewing oil shock as transitory
Create E-mail Alert Related Categories
Economic Data, General NewsRelated Entities
Federal Open Market CommitteeSign 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!
