30-Year Fixed Mortgage Rates Fall Slightly; Current Rate is 3.24%, According to Zillow Mortgage Rate Ticker
September 27 2016 - 02:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.24 percent, down 6 basis points from this time last week. The
30-year fixed mortgage dropped to a low of 3.21 percent on Thursday
following the Fed decision to postpone an interest rate increase
before settling in at the current rate.
“Mortgage rates fell by about 5 basis points last Wednesday
after the Fed decided to hold short-term interest rates constant.
Markets are now looking to December as the likeliest opportunity
for the next interest rate hike,” said Erin Lantz, vice president
of mortgages at Zillow. “This week, incoming data on GDP and
inflation will provide more information on the state of the
economy, and several key speeches, including Fed Chair Yellen on
Wednesday, should provide clarity on the Fed’s decision last
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 2.52
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-Year Fixed Rate
(9/27/16) |
Last Week’s 30-Year Fixed Rate
(9/20/16) |
Change inBasis Points |
|
|
California Mortgage Rates |
|
3.24 |
% |
|
3.31 |
% |
-7 |
|
|
Colorado Mortgage Rates |
|
3.21 |
% |
|
3.32 |
% |
-11 |
|
|
Florida Mortgage Rates |
|
3.25 |
% |
|
3.29 |
% |
-4 |
|
|
Illinois Mortgage Rates |
|
3.24 |
% |
|
3.31 |
% |
-7 |
|
|
Massachusetts Mortgage Rates |
|
3.23 |
% |
|
3.29 |
% |
-6 |
|
|
New Jersey Mortgage Rates |
|
3.22 |
% |
|
3.27 |
% |
-5 |
|
|
New York Mortgage Rates |
|
3.31 |
% |
|
3.34 |
% |
-3 |
|
|
Pennsylvania Mortgage Rates |
|
3.20 |
% |
|
3.31 |
% |
-11 |
|
|
Texas Mortgage Rates |
|
3.22 |
% |
|
3.30 |
% |
-8 |
|
|
Washington Mortgage Rates |
|
3.23 |
% |
|
3.32 |
% |
-9 |
|
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
Zillow (NASDAQ:Z)
Historical Stock Chart
From Feb 2024 to Mar 2024
Zillow (NASDAQ:Z)
Historical Stock Chart
From Mar 2023 to Mar 2024