30-Year Fixed Mortgage Rates Hover Below 4 Percent; Current Rate is 3.94%, According to Zillow Mortgage Rate Ticker
14 December 2016 - 6:00AM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.94 percent, up 3 basis points from this time last week. The
30-year fixed mortgage fell early last week, then rose again on
Friday and hovered around the current rate for the rest of the
week.
“Mortgage rates dipped briefly late last week following news
that the European Central Bank will continue its monetary stimulus
program in Europe, but rose Friday as markets brace themselves for
several important decisions this week, most notably Wednesday’s
expected interest rate hike by the Fed,” said Erin Lantz, vice
president of mortgages at Zillow. “This week we expect rates to be
volatile on Wednesday leading up to and following the Fed decision,
as well as a possible monetary policy move by the Bank of
Japan.”
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 3.12
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
3.07 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-YearFixed
Rate(12/13/16) |
Last Week’s30-YearFixed
Rate(12/6/16) |
Change inBasisPoints |
|
|
California Mortgage Rates |
3.95 |
% |
3.90 |
% |
+5 |
|
|
Colorado Mortgage Rates |
3.91 |
% |
3.91 |
% |
0 |
|
|
Florida Mortgage Rates |
3.95 |
% |
3.93 |
% |
+2 |
|
|
Illinois Mortgage Rates |
3.97 |
% |
3.89 |
% |
+8 |
|
|
Massachusetts Mortgage Rates |
3.94 |
% |
3.91 |
% |
+3 |
|
|
New Jersey Mortgage Rates |
3.92 |
% |
3.90 |
% |
+2 |
|
|
New York Mortgage Rates |
3.97 |
% |
3.92 |
% |
+5 |
|
|
Pennsylvania Mortgage Rates |
3.91 |
% |
3.89 |
% |
+2 |
|
|
Texas Mortgage Rates |
3.97 |
% |
3.92 |
% |
+5 |
|
|
Washington Mortgage Rates |
3.97 |
% |
3.90 |
% |
+7 |
|
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
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