30-Year Fixed Mortgage Rates Rise for First Time in 5 Weeks; Current Rate is 3.71%, According to Zillow Mortgage Rate Ticker
June 13 2017 - 1:12PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.71 percent, up five basis points from this time last week. The
30-year fixed mortgage rate rose steadily throughout the week.
“Mortgage rates edged higher last week, the first weekly
increase since early May, mostly in response to slight changes to
the European Central Bank’s forward-looking statements, which
reduced downward pressure on U.S. rates,” said Erin Lantz, vice
president of mortgages at Zillow. “This week the FOMC meeting
statement due Wednesday is the headline event. A rate hike is
largely priced into markets already, but changes to the outlook
could move 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 2.97
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.95 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 |
Current 30-Year Fixed
Rate (6/13/17) |
Last Week’s 30-Year Fixed
Rate(6/6/17) |
Change in Basis Points |
|
|
California Mortgage Rates |
3.72 |
% |
3.64 |
% |
+8 |
|
|
Colorado Mortgage Rates |
3.72 |
% |
3.64 |
% |
+8 |
|
|
Florida Mortgage Rates |
3.69 |
% |
3.65 |
% |
+4 |
|
|
Illinois Mortgage Rates |
3.73 |
% |
3.69 |
% |
+4 |
|
|
Massachusetts Mortgage Rates |
3.70 |
% |
3.65 |
% |
+5 |
|
|
New Jersey Mortgage Rates |
3.71 |
% |
3.66 |
% |
+5 |
|
|
New York Mortgage Rates |
3.76 |
% |
3.72 |
% |
+4 |
|
|
Pennsylvania Mortgage Rates |
3.68 |
% |
3.66 |
% |
+2 |
|
|
Texas Mortgage Rates |
3.69 |
% |
3.66 |
% |
+3 |
|
|
Washington Mortgage Rates |
3.74 |
% |
3.69 |
% |
+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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