SEATTLE, April 26, 2016 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.49 percent, up 5 basis points from this time last week. The 30-year fixed mortgage rose early in the week, then hovered around 3.50 percent before dipping to the current rate.
“Mortgage rates increased modestly last week to their highest levels since late March,” said Erin Lantz, vice president of mortgages at Zillow. “With a number of important data releases scheduled for this week and Wednesday’s Federal Open Market Committee statement, we expect more volatility – and possible upward momentum – moving into the second half of the week.”
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 2.69 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.76 percent.
Below are current rates for 30-year fixed mortgages by state. Additional states’ rates are available at: http://www.zillow.com/mortgage-rates.
|Last Week’s |
|Change in |
|California Mortgage Rates||3.48||%||3.44||%||+4|
|Colorado Mortgage Rates||3.48||%||3.43||%||+5|
|Florida Mortgage Rates||3.48||%||3.42||%||+6|
|Illinois Mortgage Rates||3.50||%||3.46||%||+4|
|Massachusetts Mortgage Rates||3.54||%||3.49||%||+5|
|New Jersey Mortgage Rates||3.49||%||3.38||%||+11|
|New York Mortgage Rates||3.55||%||3.55||%||0|
|Pennsylvania Mortgage Rates||3.51||%||3.42||%||+9|
|Texas Mortgage Rates||3.50||%||3.44||%||+6|
|Washington Mortgage Rates||3.50||%||3.45||%||+5|
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.
Media Contact: Catharine Neilson, Zillow email@example.com
Source: Zillow Group, Inc.