30-Year Fixed Mortgage Rates Fall; Current Rate is 3.75%, According to Zillow Mortgage Rate Ticker
July 18 2017 - 2:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.75 percent, down eight basis points from this time last week. The
30-year fixed mortgage rate fell early in the week, then hovered
around 3.76 percent for most of the week before settling at the
current rate.
“Mortgage rates fell from 60-day highs last week, prompted by
weak domestic inflation and retail sales data, and reports that
interest rates could rise in Europe as the European Central Bank
ends recession-era policies,” said Erin Lantz, vice president of
mortgages at Zillow. “Developments overseas – notably Thursday’s
ECB meeting – are likely to drive financial markets this week with
few major U.S. data releases on the schedule.”
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 2.99
percent, and the rate for a 5-1 adjustable-rate mortgage (ARM) is
also 2.99 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
(7/18/17) |
Last Week’s 30-Year Fixed Rate
(7/11/17) |
Change in Basis Points |
|
|
California Mortgage Rates |
3.74 |
% |
3.82 |
% |
-8 |
|
|
Colorado Mortgage Rates |
3.72 |
% |
3.76 |
% |
-4 |
|
|
Florida Mortgage Rates |
3.75 |
% |
3.81 |
% |
-6 |
|
|
Illinois Mortgage Rates |
3.75 |
% |
3.82 |
% |
-7 |
|
|
Massachusetts Mortgage Rates |
3.75 |
% |
3.83 |
% |
-8 |
|
|
New Jersey Mortgage Rates |
3.74 |
% |
3.81 |
% |
-7 |
|
|
New York Mortgage Rates |
3.81 |
% |
3.86 |
% |
-5 |
|
|
Pennsylvania Mortgage Rates |
3.73 |
% |
3.82 |
% |
-9 |
|
|
Texas Mortgage Rates |
3.72 |
% |
3.81 |
% |
-9 |
|
|
Washington Mortgage Rates |
3.76 |
% |
3.85 |
% |
-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
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