30-Year Fixed Mortgage Rates Falls to Historic Lows; Current Rate is 3.25%, According to Zillow Mortgage Rate Ticker
August 02 2016 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.25 percent. The 30-year fixed mortgage steadily declined last
week, hitting historic lows over the weekend before settling at the
current rate on Tuesday.
“Mortgage rates fell by almost 10 basis points last week –
touching fresh lows – following a disappointing Q2 GDP report and
weaker than expected monetary stimulus from the Bank of Japan,”
said Erin Lantz, vice president of mortgages at Zillow. “This week,
rates should move slightly higher leading up to this week’s
headline event – Friday’s Jobs Report – although inflation data and
the Bank of England’s policy meeting could also produce some
volatility.”
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 2.54
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.64 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
(8/02/16) |
Last Week’s 30-Year Fixed Rate
(7/26/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
|
3.22 |
% |
|
3.29 |
% |
-7 |
|
|
Colorado Mortgage Rates |
|
3.25 |
% |
|
3.35 |
% |
-10 |
|
|
Florida Mortgage Rates |
|
3.22 |
% |
|
3.28 |
% |
-6 |
|
|
Illinois Mortgage Rates |
|
3.25 |
% |
|
3.31 |
% |
-6 |
|
|
Massachusetts Mortgage Rates |
|
3.29 |
% |
|
3.31 |
% |
-2 |
|
|
New Jersey Mortgage Rates |
|
3.23 |
% |
|
3.30 |
% |
-7 |
|
|
New York Mortgage Rates |
|
3.35 |
% |
|
3.38 |
% |
-3 |
|
|
Pennsylvania Mortgage Rates |
|
3.26 |
% |
|
3.32 |
% |
-6 |
|
|
Texas Mortgage Rates |
|
3.23 |
% |
|
3.31 |
% |
-8 |
|
|
Washington Mortgage Rates |
|
3.27 |
% |
|
3.31 |
% |
-4 |
|
|
|
|
|
|
|
|
|
|
|
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
Zillow (NASDAQ:Z)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zillow (NASDAQ:Z)
Historical Stock Chart
From Jul 2023 to Jul 2024