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30-Year Fixed Mortgage Rates Fall for Second Consecutive Week; Current Rate is 3.72%, According to Zillow Mortgage Rate Ticker

/EIN News/ -- SEATTLE, July 25, 2017 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.72 percent, down three basis points from this time last week. The 30-year fixed mortgage rate moved lower throughout the week before settling at the current rate.

“Mortgage rates fell to their lowest levels of the month as fears eased that the European Central Bank would soon remove recession-era polices,” said Erin Lantz, vice president of mortgages at Zillow. “This week markets are likely to look toward Friday’s Q2 GDP and consumption data for signals about the strength of the American economy. Weak data would suggest that inflation is likely to remain slow, and rates could fall in response.”

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 2.96 percent, and 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
(7/25/17)
Last Week’s
30-Year
Fixed Rate
(7/18/17)
Change in
Basis
Points
 
  California
Mortgage Rates
3.71 % 3.74 % -3  
  Colorado
Mortgage Rates
3.71 % 3.72 % -1  
  Florida
Mortgage Rates
3.72 % 3.75 % -3  
  Illinois
Mortgage Rates
3.71 % 3.75 % -4  
  Massachusetts
Mortgage Rates
3.73 % 3.75 % -2  
  New Jersey
Mortgage Rates
3.69 % 3.74 % -5  
  New York
Mortgage Rates
3.80 % 3.81 % -1  
  Pennsylvania
Mortgage Rates
3.74 % 3.73 % +1  
  Texas
Mortgage Rates
3.70 % 3.72 % -2  
  Washington
Mortgage Rates
3.73 % 3.76 % -3  

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

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Distribution channels: Real Estate & Property Management