There were 4 press releases posted in the last 24 hours and 170,485 in the last 365 days.

30-Year Fixed Mortgage Rates Dip Slightly; Current Rate is 3.72%, According to Zillow Mortgage Rate Ticker

SEATTLE, May 30, 2017 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.72 percent, down one basis point from this time last week. The 30-year fixed mortgage rate rose to 3.79 percent late last week before settling in at the current rate on Tuesday.

/EIN News/ -- “Mortgage rates were roughly flat going into the holiday weekend, despite some mixed economic data and minutes from the Fed’s May meeting, which suggested a more gradual than expected retreat from its recession-era policies that put downward pressure on interest rates,” said Erin Lantz, vice president of mortgages at Zillow. “This week, all eyes will be on Friday’s Jobs Report, one of the most important pieces of incoming data before the Fed’s June meeting, where it is expected to hike short-term interest 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 2.90 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
(5/30/17)
Last Week’s
30-Year
Fixed Rate
(5/23/17)
Change in
Basis
Points
 
  California Mortgage Rates 3.70 % 3.72 % -2  
  Colorado Mortgage Rates 3.75 % 3.72 % +3  
  Florida Mortgage Rates 3.72 % 3.73 % -1  
  Illinois Mortgage Rates 3.74 % 3.75 % -1  
  Massachusetts Mortgage Rates 3.74 % 3.72 % +2  
  New Jersey Mortgage Rates 3.70 % 3.73 % -3  
  New York Mortgage Rates 3.81 % 3.85 % -4  
  Pennsylvania Mortgage Rates 3.72 % 3.71 % +1  
  Texas Mortgage Rates 3.69 % 3.70 % -1  
  Washington Mortgage Rates 3.76 % 3.75 % +1  
               

About Zillow Mortgages
Zillow 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

Distribution channels: Real Estate & Property Management