30-Year Fixed Mortgage Rates Fall Amid Chinese Stock Market Volatility; Current Rate is 3.68%, According to Zillow Mortgage R...
January 12 2016 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.68 percent, down 13 basis points from Monday last week. The
30-year fixed mortgage fell steadily until Friday, then hovered
around the current rate for the rest of the week.
“Mortgage rates fell last week despite strong U.S. economic data
as investors sought safe assets in the wake of stock market turmoil
in Asia,” said Erin Lantz, vice president of mortgages at Zillow.
“With rates near their lowest levels since late October, we expect
rates to move cautiously upward this week.”
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 2.87
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.97 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 (1/12/16) |
Last Week’s 30-Year Fixed Rate
(1/4/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.67 |
% |
|
3.74 |
% |
-7 |
|
|
Colorado Mortgage Rates |
|
3.67 |
% |
|
3.74 |
% |
-7 |
|
|
Florida Mortgage Rates |
|
3.69 |
% |
|
3.77 |
% |
-8 |
|
|
Illinois Mortgage Rates |
|
3.71 |
% |
|
3.77 |
% |
-6 |
|
|
Massachusetts Mortgage Rates |
|
3.70 |
% |
|
3.76 |
% |
-6 |
|
|
New Jersey Mortgage Rates |
|
3.67 |
% |
|
3.74 |
% |
-7 |
|
|
New York Mortgage Rates |
|
3.74 |
% |
|
3.79 |
% |
-5 |
|
|
Pennsylvania Mortgage Rates |
|
3.70 |
% |
|
3.74 |
% |
-4 |
|
|
Texas Mortgage Rates |
|
3.69 |
% |
|
3.75 |
% |
-6 |
|
|
Washington Mortgage Rates |
|
3.69 |
% |
|
3.77 |
% |
-8 |
|
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.
Media Contact:
Catharine Neilson, Zillow
press@zillow.com
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