30-Year Fixed Mortgage Rates Fall Slightly; Current Rate is 3.72%, According to Zillow Mortgage Rate Ticker
December 01 2015 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.72 percent, down three basis points from this time last week. The
30-year fixed mortgage hovered around 3.75 percent throughout the
week before dipping to the current rate.
"Mortgage rates remained flat most of last week, holding near
their lowest levels in a month," said Erin Lantz, vice president of
mortgages at Zillow. "We expect rates to be more volatile this week
leading up to Friday's monthly jobs report, several important Fed
speeches, and possible shifts in energy markets after the
Organization of Petroleum Exporting Countries' (OPEC) annual summit
on Friday."
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 2.91
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.92 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
(12/1/15) |
Last Week's 30-Year Fixed
Rate (11/24/15) |
Change in Basis
Points |
|
|
California Mortgage Rates |
3.71% |
3.72% |
-1 |
|
|
Colorado Mortgage Rates |
3.77% |
3.81% |
-4 |
|
|
Florida Mortgage Rates |
3.76% |
3.80% |
-4 |
|
|
Illinois Mortgage Rates |
3.75% |
3.81% |
-6 |
|
|
Massachusetts Mortgage Rates |
3.80% |
3.82% |
-2 |
|
|
New Jersey Mortgage Rates |
3.73% |
3.77% |
-4 |
|
|
New York Mortgage Rates |
3.82% |
3.85% |
-3 |
|
|
Pennsylvania Mortgage Rates |
3.74% |
3.76% |
-2 |
|
|
Texas Mortgage Rates |
3.75% |
3.77% |
-2 |
|
|
Washington Mortgage Rates |
3.76% |
3.80% |
-4 |
|
|
|
|
|
|
|
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
press@zillow.com
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