30-Year Fixed Mortgage Rates Rise Slightly; Current Rate is 3.41%, According to Zillow Mortgage Rate Ticker
June 21 2016 - 2:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.41 percent, up two basis points from this time last week. The
30-year fixed mortgage hovered around 3.38 percent for most of the
week before rising to the current rate.
“Mortgage rates have held around three-year lows as geopolitical
concerns have surged to the forefront of markets’ attention,” said
Erin Lantz, vice president of mortgages at Zillow. “We expect some
volatility this week leading up to Thursday’s UK referendum vote on
whether to remain in the European Union.”
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 2.63
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.68 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 (6/21/16) |
Last Week’s 30-Year Fixed Rate
(6/14/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.44 |
% |
|
3.42 |
% |
+2 |
|
|
Colorado Mortgage Rates |
|
3.39 |
% |
|
3.34 |
% |
+5 |
|
|
Florida Mortgage Rates |
|
3.38 |
% |
|
3.39 |
% |
-1 |
|
|
Illinois Mortgage Rates |
|
3.41 |
% |
|
3.41 |
% |
0 |
|
|
Massachusetts Mortgage Rates |
|
3.46 |
% |
|
3.41 |
% |
+5 |
|
|
New Jersey Mortgage Rates |
|
3.44 |
% |
|
3.42 |
% |
+2 |
|
|
New York Mortgage Rates |
|
3.52 |
% |
|
3.45 |
% |
+7 |
|
|
Pennsylvania Mortgage Rates |
|
3.37 |
% |
|
3.39 |
% |
-2 |
|
|
Texas Mortgage Rates |
|
3.39 |
% |
|
3.38 |
% |
+1 |
|
|
Washington Mortgage Rates |
|
3.46 |
% |
|
3.42 |
% |
+4 |
|
|
|
|
|
|
|
|
|
|
|
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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