30-Year Fixed Mortgage Rates Fall to Lowest Level in Six Weeks; Current Rate is 4.14%, According to Zillow Mortgage Rate Tick...
April 15 2014 - 2:00PM
The 30-year fixed mortgage rate on Zillow
®
Mortgage Marketplace is currently 4.14 percent, down six basis
points from this time last week. The 30-year fixed mortgage rate
plummeted on Wednesday from 4.24 percent to 4.12 percent, where
rates have continued to hover into this week.
"Last week, rates dropped to their lowest levels in six weeks as
investors shifted out of stocks and into safer assets, like U.S.
Treasuries and mortgage-backed-securities," said Erin Lantz, vice
president of mortgages at Zillow. "This week, there is a full slate
of economic reports scheduled for release, with the potential to
nudge rates up."
Zillow's real-time mortgage
rates are based on thousands of custom mortgage
quotes submitted daily to anonymous borrowers on the Zillow
Mortgage Marketplace 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 3.15
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.80 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 |
Current 30-Year Fixed Rate
(04/15/14) |
Last Week's 30-Year Fixed
Rate (04/08/14) |
Change in Basis
Points |
|
|
California Mortgage Rates |
4.14% |
4.22% |
-8 |
|
|
Colorado Mortgage Rates |
4.14% |
4.20% |
-6 |
|
|
Florida Mortgage Rates |
4.14% |
4.19% |
-5 |
|
|
Illinois Mortgage Rates |
4.18% |
4.28% |
-10 |
|
|
Massachusetts Mortgage Rates |
4.14% |
4.23% |
-9 |
|
|
New Jersey Mortgage Rates |
4.14% |
4.17% |
-3 |
|
|
New York Mortgage Rates |
4.24% |
4.22% |
+2 |
|
|
Pennsylvania Mortgage Rates |
4.12% |
4.17% |
-5 |
|
|
Texas Mortgage Rates |
4.13% |
4.20% |
-7 |
|
|
Washington Mortgage Rates |
4.17% |
4.18% |
-1 |
|
About Zillow Mortgage Marketplace
Zillow Mortgage Marketplace, 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 Mortgage Marketplace
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=10012
CONTACT: Media Contact:
Laura Lowery, Zillow
206-799-5604 or press@zillow.com
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