30-Year Fixed Mortgage Rates Rise on Expectations for a December Rate Hike; Current Rate is 3.66%, According to Zillow Mortga...
November 03 2015 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.66 percent, up three basis points from this time last week. The
30-year fixed mortgage rose early in the week, then hovered around
3.69 percent before dipping to the current rate.
"Mortgage rates increased last week as Wednesday's Federal Open
Market Committee meeting minutes solidified expectations of a
December Fed rate hike," said Erin Lantz, vice president of
mortgages at Zillow. "This week, more market movement is likely, as
all eyes will be watching mid-week Fed speeches and Friday's
monthly jobs report."
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 2.86
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.89 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 |
Current 30-Year Fixed
Rate (11/3/15) |
Last Week's 30-Year
Fixed Rate (10/27/15) |
Change in Basis
Points |
California Mortgage
Rates |
3.65% |
3.61% |
+4 |
Colorado Mortgage
Rates |
3.66% |
3.60% |
+6 |
Florida Mortgage
Rates |
3.69% |
3.60% |
+9 |
Illinois Mortgage
Rates |
3.67% |
3.62% |
+5 |
Massachusetts Mortgage
Rates |
3.74% |
3.69% |
+5 |
New Jersey Mortgage
Rates |
3.75% |
3.63% |
+12 |
New York Mortgage
Rates |
3.67% |
3.67% |
0 |
Pennsylvania Mortgage
Rates |
3.74% |
3.64% |
+10 |
Texas Mortgage
Rates |
3.63% |
3.57% |
+6 |
Washington Mortgage
Rates |
3.67% |
3.62% |
+5 |
About Zillow Mortgages
Zillow 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.
The Zillow logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=28924
CONTACT: Media Contact:
Catharine Neilson, Zillow
206-757-2701 or press@zillow.com
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