30-Year Fixed Mortgage Rates Jump Above 4 Percent; Current Rate is 4.10%, According to Zillow Mortgage Rate Ticker
December 20 2016 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
4.10 percent, up 16 basis points from this time last week. The
30-year fixed mortgage rose early last week, rising above 4 percent
for the first time in two years, then hovered around 4.14 percent
before dipping to the current rate.
“Mortgage rates rose to their highest levels in two years
following last Wednesday’s much-anticipated rate hike and the
latest economic projections by the Fed, which indicated more rate
hikes are likely in 2017,” said Erin Lantz, vice president of
mortgages at Zillow. “This week, as markets wind down for the
holiday season, lenders are expected to price conservatively going
into the weekend.”
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 3.28
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
3.19 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
(12/20/16) |
Last Week’s 30-Year Fixed Rate
(12/13/16) |
Change in Basis Points |
|
|
California Mortgage Rates |
4.11 |
% |
3.95 |
% |
+16 |
|
|
Colorado Mortgage Rates |
4.08 |
% |
3.91 |
% |
+17 |
|
|
Florida Mortgage Rates |
4.09 |
% |
3.95 |
% |
+14 |
|
|
Illinois Mortgage Rates |
4.13 |
% |
3.97 |
% |
+16 |
|
|
Massachusetts Mortgage Rates |
4.11 |
% |
3.94 |
% |
+17 |
|
|
New Jersey Mortgage Rates |
4.09 |
% |
3.92 |
% |
+17 |
|
|
New York Mortgage Rates |
4.13 |
% |
3.97 |
% |
+16 |
|
|
Pennsylvania Mortgage Rates |
4.10 |
% |
3.91 |
% |
+19 |
|
|
Texas Mortgage Rates |
4.11 |
% |
3.97 |
% |
+14 |
|
|
Washington Mortgage Rates |
4.09 |
% |
3.97 |
% |
+12 |
|
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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