30-Year Fixed Mortgage Rates Continue to Drop; Current Rate is 3.59%, According to Zillow Mortgage Rate Ticker
January 19 2016 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.59 percent, down nine basis points from this time last week. The
30-year fixed mortgage fell throughout the week, reaching 3.56
percent on Monday before rising to the current rate.
“Mortgage rates fell last week to their lowest levels since last
April on the heels of falling oil prices and continued global
turmoil surrounding growth worries in China,” said Erin Lantz, vice
president of mortgages at Zillow. “With little U.S. economic data
on the docket this week, more ‘flight-to-quality’ should dominate
headlines until markets find a bottom.”
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 2.79
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.66 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
(1/19/16) |
Last Week’s 30-Year Fixed Rate
(1/12/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.58 |
% |
|
3.67 |
% |
-9 |
|
|
Colorado Mortgage Rates |
|
3.59 |
% |
|
3.67 |
% |
-8 |
|
|
Florida Mortgage Rates |
|
3.60 |
% |
|
3.69 |
% |
-9 |
|
|
Illinois Mortgage Rates |
|
3.63 |
% |
|
3.71 |
% |
-8 |
|
|
Massachusetts Mortgage Rates |
|
3.61 |
% |
|
3.70 |
% |
-9 |
|
|
New Jersey Mortgage Rates |
|
3.62 |
% |
|
3.67 |
% |
-5 |
|
|
New York Mortgage Rates |
|
3.63 |
% |
|
3.74 |
% |
-11 |
|
|
Pennsylvania Mortgage Rates |
|
3.56 |
% |
|
3.70 |
% |
-14 |
|
|
Texas Mortgage Rates |
|
3.60 |
% |
|
3.69 |
% |
-9 |
|
|
Washington Mortgage Rates |
|
3.60 |
% |
|
3.69 |
% |
-9 |
|
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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