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30-Year Fixed Mortgage Rates Fall Slightly; Current Rate is 3.75%, According to Zillow Mortgage Rate Ticker

SEATTLE, Nov. 24, 2015 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.75 percent, down four basis points from this time last week. The 30-year fixed mortgage fell throughout the week before settling at the current rate.

"Mortgage rates remained fairly flat last week," said Erin Lantz, vice president of mortgages at Zillow. "There is a risk of short-term volatility this holiday-shortened week due to lower than normal market participation and several important data releases."

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 2.93 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.

Current Last Week's
30-Year 30-Year Change in
State Fixed Rate Fixed Rate Basis
(11/24/15) (11/17/15) Points
California Mortgage Rates 3.72% 3.77% -5
Colorado Mortgage Rates 3.81% 3.78% +3
Florida Mortgage Rates 3.80% 3.82% -2
Illinois Mortgage Rates 3.81% 3.82% -1
Massachusetts Mortgage Rates 3.82% 3.83% -1
New Jersey Mortgage Rates 3.77% 3.81% -4
New York Mortgage Rates 3.85% 3.87% -2
Pennsylvania Mortgage Rates 3.76% 3.79% -3
Texas Mortgage Rates 3.77% 3.80% -3
Washington Mortgage Rates 3.80% 3.80% 0

About Zillow Mortgages

Zillow Mortgages, operated by Zillow, Inc., is a free, open, and transparent lending marketplace, where borrowers connect with lenders to find loans and get the best mortgage rates. Borrowers anonymously submit loan requests and receive an unlimited number of custom mortgage quotes with real rates directly from thousands of competing lenders. Zillow Mortgages also provides mortgage calculators, mortgage advice, mortgage widgets, and lender directories.

Zillow is a registered trademark of Zillow, Inc.

The Zillow logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=28924

CONTACT: Media Contact: Catharine Neilson, Zillow press@zillow.com

Source:Zillow