30-Year Fixed Mortgage Rates Rise on Strong Jobs Report; Current Rate is 3.30%, According to Zillow Mortgage Rate Ticker
August 09 2016 - 2:26PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.30 percent, up five basis points from this time last week. The
30-year fixed mortgage declined early last week, then rose Friday
and hovered around the current rate for the rest of the week.
“Mortgage rates jumped by almost 10 basis points after last
Friday’s strong jobs report and are now approaching three-week
highs,” said Erin Lantz, vice president of mortgages at Zillow.
“This week should be quieter with only a few relatively minor
economic data releases on the horizon.”
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 2.58
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.67 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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State |
Current30-Year Fixed Rate
(8/9/16) |
Last Week’s 30-Year Fixed Rate
(8/2/16) |
Change in Basis Points |
|
| |
California Mortgage Rates |
|
3.29 |
% |
|
3.22 |
% |
+7 |
|
| |
Colorado Mortgage Rates |
|
3.27 |
% |
|
3.25 |
% |
+2 |
|
| |
Florida Mortgage Rates |
|
3.26 |
% |
|
3.22 |
% |
+4 |
|
| |
Illinois Mortgage Rates |
|
3.31 |
% |
|
3.25 |
% |
+6 |
|
| |
Massachusetts Mortgage Rates |
|
3.31 |
% |
|
3.29 |
% |
+2 |
|
| |
New Jersey Mortgage Rates |
|
3.29 |
% |
|
3.23 |
% |
+6 |
|
| |
New York Mortgage Rates |
|
3.38 |
% |
|
3.35 |
% |
+3 |
|
| |
Pennsylvania Mortgage Rates |
|
3.32 |
% |
|
3.26 |
% |
+6 |
|
| |
Texas Mortgage Rates |
|
3.28 |
% |
|
3.23 |
% |
+5 |
|
| |
Washington Mortgage Rates |
|
3.31 |
% |
|
3.27 |
% |
+4 |
|
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|
|
|
|
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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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