30-Year Fixed Mortgage Rates Rise Slightly; Current Rate is 3.29%, According to Zillow Mortgage Rate Ticker
September 06 2016 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.29 percent, up 2 basis points from this time last week. The
30-year fixed mortgage rose Friday to 3.35 percent, then fell to
the current rate on Saturday, hovering there for the rest of the
week.
“Mortgage rates increased about seven basis points after
Friday’s jobs report, although not spectacular, proved sufficient
to increase market expectations of a Fed rate hike in September,”
said Erin Lantz, vice president of mortgages at Zillow. “This week
rates could move around Wednesday’s Beige Book release or several
Fed speeches.”
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 2.57
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.67 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-YearFixed
Rate(9/6/16) |
Last Week’s30-YearFixed
Rate(8/30/16) |
Change inBasisPoints |
|
|
California Mortgage Rates |
|
3.29 |
% |
|
3.26 |
% |
+3 |
|
|
Colorado Mortgage Rates |
|
3.31 |
% |
|
3.25 |
% |
+6 |
|
|
Florida Mortgage Rates |
|
3.26 |
% |
|
3.27 |
% |
-1 |
|
|
Illinois Mortgage Rates |
|
3.31 |
% |
|
3.28 |
% |
+3 |
|
|
Massachusetts Mortgage Rates |
|
3.28 |
% |
|
3.25 |
% |
+3 |
|
|
New Jersey Mortgage Rates |
|
3.28 |
% |
|
3.25 |
% |
+3 |
|
|
New York Mortgage Rates |
|
3.37 |
% |
|
3.35 |
% |
+2 |
|
|
Pennsylvania Mortgage Rates |
|
3.30 |
% |
|
3.25 |
% |
+5 |
|
|
Texas Mortgage Rates |
|
3.30 |
% |
|
3.27 |
% |
+3 |
|
|
Washington Mortgage Rates |
|
3.35 |
% |
|
3.30 |
% |
+5 |
|
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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