30-Year Fixed Mortgage Rates Continue to Fall; Current Rate is 3.66%, According to Zillow Mortgage Rate Ticker
07 June 2017 - 4:02AM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.66 percent, down six basis points from this time last week. The
30-year fixed mortgage rate dropped Friday, then hovered around
3.70 percent before settling at the current rate on Tuesday.
“Mortgage rates fell sharply Friday, touching their lowest
levels of the year after the jobs report showed a weaker than
expected labor market in May,” said Erin Lantz, vice president of
mortgages at Zillow. “Geopolitical news should again dominate
headlines this week, with financial markets likely focusing on
elections in the United Kingdom and former FBI director James
Comey’s congressional testimony on Thursday. Recent polls suggest a
closer than anticipated UK election, and rates could fall if
elections weaken the governing party’s parliamentary mandate.”
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 2.94
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-Year Fixed Rate
(6/6/17) |
Last Week’s 30-Year Fixed Rate
(5/30/17) |
Change in Basis Points |
|
|
California Mortgage Rates |
3.64 |
% |
3.70 |
% |
-6 |
|
|
Colorado Mortgage Rates |
3.64 |
% |
3.75 |
% |
-11 |
|
|
Florida Mortgage Rates |
3.65 |
% |
3.72 |
% |
-7 |
|
|
Illinois Mortgage Rates |
3.69 |
% |
3.74 |
% |
-5 |
|
|
Massachusetts Mortgage Rates |
3.65 |
% |
3.74 |
% |
-9 |
|
|
New Jersey Mortgage Rates |
3.66 |
% |
3.70 |
% |
-4 |
|
|
New York Mortgage Rates |
3.72 |
% |
3.81 |
% |
-9 |
|
|
Pennsylvania Mortgage Rates |
3.66 |
% |
3.72 |
% |
-6 |
|
|
Texas Mortgage Rates |
3.66 |
% |
3.69 |
% |
-3 |
|
|
Washington Mortgage Rates |
3.69 |
% |
3.76 |
% |
-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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