30-Year Fixed Mortgage Rates Remain Near 3-Year Low; Current Rate is 3.45%, According to Zillow Mortgage Rate Ticker
February 16 2016 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.45 percent, up two basis points from this time last week. The
30-year fixed mortgage fell to 3.37 percent on Thursday, then
hovered around 3.43 percent before rising to the current rate.
“Mortgage rates were flat last week, holding near their lowest
levels since 2013, on continued turmoil in global equities and oil
markets,” said Erin Lantz, vice president of mortgages at Zillow.
“While it’s hard to imagine mortgage rates falling much lower,
putting them within striking distance of all-time historic lows,
international economic news, speeches by Fed officials, and several
U.S. data releases this week could continue the downward pressure
on long-term rates.”
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 2.71
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.69 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
(2/16/16) |
Last Week’s 30-Year Fixed Rate
(2/9/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.44 |
% |
|
3.42 |
% |
+2 |
|
|
Colorado Mortgage Rates |
|
3.46 |
% |
|
3.43 |
% |
+3 |
|
|
Florida Mortgage Rates |
|
3.44 |
% |
|
3.41 |
% |
+3 |
|
|
Illinois Mortgage Rates |
|
3.48 |
% |
|
3.46 |
% |
+2 |
|
|
Massachusetts Mortgage Rates |
|
3.48 |
% |
|
3.43 |
% |
+5 |
|
|
New Jersey Mortgage Rates |
|
3.45 |
% |
|
3.47 |
% |
-2 |
|
|
New York Mortgage Rates |
|
3.48 |
% |
|
3.42 |
% |
+6 |
|
|
Pennsylvania Mortgage Rates |
|
3.44 |
% |
|
3.40 |
% |
+4 |
|
|
Texas Mortgage Rates |
|
3.46 |
% |
|
3.43 |
% |
+3 |
|
|
Washington Mortgage Rates |
|
3.48 |
% |
|
3.40 |
% |
+8 |
|
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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