30-Year Fixed Mortgage Rates Remain Flat; Current Rate is 3.29%, According to Zillow Mortgage Rate Ticker
August 16 2016 - 2:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.29 percent, down one basis point from this time last week. The
30-year fixed mortgage fell steadily last week before rising to the
current rate on Tuesday.
“Mortgage rates fell last week, retreating toward the low levels
last seen in the days immediately following the Brexit vote,” said
Erin Lantz, vice president of mortgages at Zillow. “Markets seem to
be in a holding pattern, fluctuating just above historic lows.
Wednesday’s Federal Open Market Committee July meeting minutes
could move rates slightly, but little is expected until the Kansas
City Fed’s annual Jackson Hole meeting next 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 2.58
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.69 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
(8/16/16) |
Last Week’s 30-Year Fixed Rate
(8/9/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.29 |
% |
|
3.29 |
% |
0 |
|
|
Colorado Mortgage Rates |
|
3.27 |
% |
|
3.27 |
% |
0 |
|
|
Florida Mortgage Rates |
|
3.28 |
% |
|
3.26 |
% |
+2 |
|
|
Illinois Mortgage Rates |
|
3.30 |
% |
|
3.31 |
% |
-1 |
|
|
Massachusetts Mortgage Rates |
|
3.31 |
% |
|
3.31 |
% |
0 |
|
|
New Jersey Mortgage Rates |
|
3.28 |
% |
|
3.29 |
% |
-1 |
|
|
New York Mortgage Rates |
|
3.35 |
% |
|
3.38 |
% |
-3 |
|
|
Pennsylvania Mortgage Rates |
|
3.30 |
% |
|
3.32 |
% |
-2 |
|
|
Texas Mortgage Rates |
|
3.27 |
% |
|
3.28 |
% |
-1 |
|
|
Washington Mortgage Rates |
|
3.30 |
% |
|
3.31 |
% |
-1 |
|
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 Apr 2024 to May 2024
Zillow (NASDAQ:Z)
Historical Stock Chart
From May 2023 to May 2024