30-Year Fixed Mortgage Rates Rise Slightly; Current Rate is 3.75%, According to Zillow Mortgage Rate Ticker
December 08 2015 - 2:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.75 percent, up three basis points from this time last week. The
30-year fixed mortgage rose to 3.84 percent on Thursday, then
hovered there before falling back to the current rate on Monday.
"Mortgage rates spiked late last week after the European Central
Bank surprised markets by not expanding its asset purchase program,
which aims to push rates lower," said Erin Lantz, vice president of
mortgages at Zillow. "Following that spike, rates have retreated to
only slightly above where they began the week. We expect markets to
be quieter this week with few important data releases or speeches
on the schedule."
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 2.91
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.92 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
(12/8/15) |
Last Week's 30-Year Fixed
Rate (12/1/15) |
Change in Basis
Points |
|
|
California Mortgage Rates |
3.74% |
3.71% |
+3 |
|
|
Colorado Mortgage Rates |
3.76% |
3.77% |
-1 |
|
|
Florida Mortgage Rates |
3.74% |
3.76% |
-2 |
|
|
Illinois Mortgage Rates |
3.75% |
3.75% |
0 |
|
|
Massachusetts Mortgage Rates |
3.81% |
3.80% |
+1 |
|
|
New Jersey Mortgage Rates |
3.75% |
3.73% |
+2 |
|
|
New York Mortgage Rates |
3.87% |
3.82% |
+5 |
|
|
Pennsylvania Mortgage Rates |
3.77% |
3.74% |
+3 |
|
|
Texas Mortgage Rates |
3.75% |
3.75% |
0 |
|
|
Washington Mortgage Rates |
3.77% |
3.76% |
+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.
The Zillow logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=28924
CONTACT: Media Contact:
Catharine Neilson, Zillow
press@zillow.com
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