30-Year Fixed Mortgage Rates Remain Near 3-Year Lows; Current Rate is 3.40%, According to Zillow Mortgage Rate Ticker
May 17 2016 - 2:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.40 percent, down 1 basis point from this time last week. The
30-year fixed mortgage hovered around 3.41 percent before dipping
to the current rate.
“Mortgage rates held near three-year lows last week as minimal
incoming economic news provided little motive for rates to move
decisively in either direction,” said Erin Lantz, vice president of
mortgages at Zillow. “This week markets are likely to focus on
Wednesday’s inflation data and Friday’s Fed speeches.”
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 2.61
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.64 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(5/17/16) |
Last Week’s30-YearFixed
Rate(5/10/16) |
Change inBasisPoints |
|
| |
California Mortgage Rates |
|
3.44 |
% |
|
3.43 |
% |
+1 |
|
| |
Colorado Mortgage Rates |
|
3.39 |
% |
|
3.39 |
% |
0 |
|
| |
Florida Mortgage Rates |
|
3.36 |
% |
|
3.39 |
% |
-3 |
|
| |
Illinois Mortgage Rates |
|
3.42 |
% |
|
3.41 |
% |
+1 |
|
| |
Massachusetts Mortgage Rates |
|
3.42 |
% |
|
3.42 |
% |
0 |
|
| |
New Jersey Mortgage Rates |
|
3.38 |
% |
|
3.41 |
% |
-3 |
|
| |
New York Mortgage Rates |
|
3.45 |
% |
|
3.46 |
% |
-1 |
|
| |
Pennsylvania Mortgage Rates |
|
3.37 |
% |
|
3.40 |
% |
-3 |
|
| |
Texas Mortgage Rates |
|
3.41 |
% |
|
3.40 |
% |
+1 |
|
| |
Washington Mortgage Rates |
|
3.39 |
% |
|
3.39 |
% |
0 |
|
|
|
About Zillow MortgagesZillow 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
press@zillow.com
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