30-Year Fixed Mortgage Rates Continue to Rise; Current Rate is 3.85%, According to Zillow Mortgage Rate Ticker
23 November 2016 - 6:00AM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.85 percent, up 7 basis points from this time last week. The
30-year fixed mortgage jumped on Friday, then hovered around the
current rate for the rest of the week.
“Mortgage rates jumped by about 10 basis points last week as the
post-election political landscape continues to evolve and following
Janet Yellen’s Thursday testimony to Congress which suggested that
a December Federal Funds rate hike is very much in play. Mortgage
rates are now at their highest levels in a year, about 40 basis
points above where they stood on the eve of the U.S. presidential
election,” said Erin Lantz, vice president of mortgages at Zillow.
“This week, rates should stabilize as markets focus on the
Thanksgiving holiday."
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 3.05
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.96 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
(11/22/16) |
Last Week’s 30-Year Fixed Rate
(11/15/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.84 |
% |
|
3.78 |
% |
+6 |
|
|
Colorado Mortgage Rates |
|
3.85 |
% |
|
3.76 |
% |
+9 |
|
|
Florida Mortgage Rates |
|
3.85 |
% |
|
3.77 |
% |
+8 |
|
|
Illinois Mortgage Rates |
|
3.87 |
% |
|
3.80 |
% |
+7 |
|
|
Massachusetts Mortgage Rates |
|
3.82 |
% |
|
3.77 |
% |
+5 |
|
|
New Jersey Mortgage Rates |
|
3.83 |
% |
|
3.75 |
% |
+8 |
|
|
New York Mortgage Rates |
|
3.89 |
% |
|
3.81 |
% |
+8 |
|
|
Pennsylvania Mortgage Rates |
|
3.86 |
% |
|
3.78 |
% |
+8 |
|
|
Texas Mortgage Rates |
|
3.87 |
% |
|
3.76 |
% |
+11 |
|
|
Washington Mortgage Rates |
|
3.86 |
% |
|
3.80 |
% |
+6 |
|
|
|
|
|
|
|
|
|
|
|
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