30-Year Fixed Mortgage Rates Rise Slightly; Current Rate is 3.80%, According to Zillow Mortgage Rate Ticker
16 December 2015 - 6:00AM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.80 percent, up five basis points from this time last week. The
30-year fixed mortgage hovered around 3.75 percent for most of the
week before rising to the current rate.
“Mortgage rates were mostly flat last week despite some daily
fluctuation,” said Erin Lantz, vice president of mortgages at
Zillow. “This week all eyes will be on the Fed, which is expected
to lift short-term interest rates for the first time in nine years
on Wednesday. The effect on longer term mortgage rates, could be
more muted as markets look for signals about the path of rate hikes
in the months ahead.”
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 2.97
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.93 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 |
Current 30-Year Fixed Rate
(12/15/15) |
Last Week’s 30-Year Fixed Rate
(12/8/15) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.79 |
% |
|
3.74 |
% |
+5 |
|
|
Colorado Mortgage Rates |
|
3.83 |
% |
|
3.76 |
% |
+7 |
|
|
Florida Mortgage Rates |
|
3.80 |
% |
|
3.74 |
% |
+6 |
|
|
Illinois Mortgage Rates |
|
3.84 |
% |
|
3.75 |
% |
+9 |
|
|
Massachusetts Mortgage Rates |
|
3.84 |
% |
|
3.81 |
% |
+3 |
|
|
New Jersey Mortgage Rates |
|
3.83 |
% |
|
3.75 |
% |
+8 |
|
|
New York Mortgage Rates |
|
3.89 |
% |
|
3.87 |
% |
+2 |
|
|
Pennsylvania Mortgage Rates |
|
3.79 |
% |
|
3.77 |
% |
+2 |
|
|
Texas Mortgage Rates |
|
3.82 |
% |
|
3.75 |
% |
+7 |
|
|
Washington Mortgage Rates |
|
3.81 |
% |
|
3.77 |
% |
+4 |
|
|
|
|
|
|
|
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.
Media Contact:
Catharine Neilson, Zillow
press@zillow.com
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