30-Year Fixed Mortgage Rates Continue to Fall; Current Rate is 3.73%, According to Zillow Mortgage Rate Ticker
24 May 2017 - 4:04AM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.73 percent, down seven basis points from this time last week. The
30-year fixed mortgage rate fell early last week, then hovered
around 3.75 percent before settling at the current rate on Monday.
“Mortgage rates fell sharply mid-week last week, touching their
lowest levels since November, as markets reacted to political drama
in Washington, D.C. by scaling back expectations for legislation
that could boost economic growth and push interest rates higher,”
said Erin Lantz, vice president of mortgages at Zillow. “Rates
recovered about half of the mid-week decline as the initial
political panic subsided but remain near their lowest levels of the
year. This week, several Fed speeches, FOMC meeting minutes, and Q1
GDP data could move rates in addition to ongoing political
developments.”
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 2.98
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.
|
|
|
|
|
|
|
State |
Current30-YearFixed
Rate(5/23/17) |
Last Week’s30-YearFixed
Rate(5/16/17) |
Change inBasisPoints |
|
|
California Mortgage Rates |
3.72 |
% |
3.79 |
% |
-7 |
|
|
Colorado Mortgage Rates |
3.72 |
% |
3.81 |
% |
-9 |
|
|
Florida Mortgage Rates |
3.73 |
% |
3.79 |
% |
-6 |
|
|
Illinois Mortgage Rates |
3.75 |
% |
3.82 |
% |
-7 |
|
|
Massachusetts Mortgage Rates |
3.72 |
% |
3.77 |
% |
-5 |
|
|
New Jersey Mortgage Rates |
3.73 |
% |
3.79 |
% |
-6 |
|
|
New York Mortgage Rates |
3.85 |
% |
3.89 |
% |
-4 |
|
|
Pennsylvania Mortgage Rates |
3.71 |
% |
3.81 |
% |
-10 |
|
|
Texas Mortgage Rates |
3.70 |
% |
3.77 |
% |
-7 |
|
|
Washington Mortgage Rates |
3.75 |
% |
3.80 |
% |
-5 |
|
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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