30-Year Fixed Mortgage Rates Rise Following Strong Jobs Report; Current Rate is 3.84%, According to Zillow Mortgage Rate Tic...
May 09 2017 - 1:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.84 percent, up four basis points from this time last week. The
30-year fixed mortgage rate rose five basis points on Friday, then
hovered around the current rate for the rest of the week.
“Mortgage rates rose last Friday after a strong jobs report made
it very likely that the Fed will hike interest rates again in June,
but edged slightly lower after centrist Emmanuel Macron won the
French presidential election, reducing financial market risk in
Europe,” said Erin Lantz, vice president of mortgages at Zillow.
“This week, markets are likely to focus on several Fed speeches and
inflation data due Wednesday, but rates should remain stable
overall.”
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 3.06
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.93 percent.
Below are current rates for 30-year fixed mortgages by state.
Additional states’ rates are available at:
http://www.zillow.com/mortgage-rates.
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|
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State |
Current30-YearFixed
Rate(5/9/17) |
Last Week’s30-YearFixed Rate(5/2/17) |
Change inBasis Points |
|
|
California Mortgage Rates |
3.82% |
3.80% |
+2 |
|
|
Colorado Mortgage Rates |
3.81% |
3.78% |
+3 |
|
|
Florida Mortgage Rates |
3.86% |
3.80% |
+6 |
|
|
Illinois Mortgage Rates |
3.86% |
3.80% |
+6 |
|
|
Massachusetts Mortgage Rates |
3.78% |
3.80% |
-2 |
|
|
New Jersey Mortgage Rates |
3.85% |
3.82% |
+3 |
|
|
New York Mortgage Rates |
3.94% |
3.86% |
+8 |
|
|
Pennsylvania Mortgage Rates |
3.83% |
3.80% |
+3 |
|
|
Texas Mortgage Rates |
3.80% |
3.78% |
+2 |
|
|
Washington Mortgage Rates |
3.85% |
3.79% |
+6 |
|
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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