30-Year Fixed Mortgage Rates Remain Near Historic Lows; Current Rate is 3.27%, According to Zillow Mortgage Rate Ticker
31 August 2016 - 4:00AM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.27 percent, unchanged from this time last week. The 30-year fixed
mortgage hovered between 3.26 percent and 3.34 percent before
dropping to the current rate on Tuesday.
“Mortgage rates continued to hold steady last week, essentially
unchanged from the historic lows recorded following Brexit at the
end of June,” said Erin Lantz, vice president of mortgages at
Zillow. “This week, all eyes will be on Friday’s monthly jobs
report, especially after Fed officials at last week’s Jackson Hole
meeting pointed to incoming data as critical for determining the
path and pace of interest rate hikes moving forward.”
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 2.55
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.63 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
(8/30/16) |
Last Week’s 30-YearFixed
Rate(8/23/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.26 |
% |
|
3.27 |
% |
-1 |
|
|
Colorado Mortgage Rates |
|
3.25 |
% |
|
3.27 |
% |
-2 |
|
|
Florida Mortgage Rates |
|
3.27 |
% |
|
3.26 |
% |
+1 |
|
|
Illinois Mortgage Rates |
|
3.28 |
% |
|
3.30 |
% |
-2 |
|
|
Massachusetts Mortgage Rates |
|
3.25 |
% |
|
3.28 |
% |
-3 |
|
|
New Jersey Mortgage Rates |
|
3.25 |
% |
|
3.27 |
% |
-2 |
|
|
New York Mortgage Rates |
|
3.35 |
% |
|
3.35 |
% |
0 |
|
|
Pennsylvania Mortgage Rates |
|
3.25 |
% |
|
3.27 |
% |
-2 |
|
|
Texas Mortgage Rates |
|
3.27 |
% |
|
3.25 |
% |
+2 |
|
|
Washington Mortgage Rates |
|
3.30 |
% |
|
3.28 |
% |
+2 |
|
|
|
|
|
|
|
|
|
|
|
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 Jun 2024 to Jul 2024
Zillow (NASDAQ:Z)
Historical Stock Chart
From Jul 2023 to Jul 2024