SEATTLE, June 06, 2017 (GLOBE NEWSWIRE) — The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.66 percent, down six basis points from this time last week. The 30-year fixed mortgage rate dropped Friday, then hovered around 3.70 percent before settling at the current rate on Tuesday.
“Mortgage rates fell sharply Friday, touching their lowest levels of the year after the jobs report showed a weaker than expected labor market in May,” said Erin Lantz, vice president of mortgages at Zillow. “Geopolitical news should again dominate headlines this week, with financial markets likely focusing on elections in the United Kingdom and former FBI director James Comey’s congressional testimony on Thursday. Recent polls suggest a closer than anticipated UK election, and rates could fall if elections weaken the governing party’s parliamentary mandate.”
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 2.94 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.87 percent.
Below are current rates for 30-year fixed mortgages by state. Additional states’ rates are available at: http://www.zillow.com/mortgage-rates.
|California Mortgage Rates||3.64||%||3.70||%||-6|
|Colorado Mortgage Rates||3.64||%||3.75||%||-11|
|Florida Mortgage Rates||3.65||%||3.72||%||-7|
|Illinois Mortgage Rates||3.69||%||3.74||%||-5|
|Massachusetts Mortgage Rates||3.65||%||3.74||%||-9|
|New Jersey Mortgage Rates||3.66||%||3.70||%||-4|
|New York Mortgage Rates||3.72||%||3.81||%||-9|
|Pennsylvania Mortgage Rates||3.66||%||3.72||%||-6|
|Texas Mortgage Rates||3.66||%||3.69||%||-3|
|Washington Mortgage Rates||3.69||%||3.76||%||-7|
About Zillow Mortgages
Zillow 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.
CONTACT: Media Contact: Catharine Neilson, Zillow [email protected]