30-Year Fixed Mortgage Rates Rise Slightly; Current Rate is 3.80%, According to Zillow Mortgage Rate Ticker
May 02 2017 - 2:00PM
The 30-year fixed mortgage rate on Zillow® Mortgages is currently
3.80 percent, up one basis point from this time last week. The
30-year fixed mortgage rate hovered between 3.78 percent and 3.85
percent before settling at the current rate.
“Mortgage rates were mostly stable last week, holding near
six-month lows, though they fell slightly Monday on weak inflation
data which could prompt the Fed to delay future rate hikes,” said
Erin Lantz, vice president of mortgages at Zillow. “Rates should
move more this week leading up to Friday’s jobs report in the
United States, and Sunday’s French presidential election, which has
important implications for the future of the European Union.”
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 3.03
percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is
2.88 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 |
Current30-Year Fixed Rate
(5/2/17) |
Last Week’s 30-Year Fixed Rate
(4/25/17) |
Change in Basis Points |
|
|
California Mortgage Rates |
3.80 |
% |
3.79 |
% |
+1 |
|
|
Colorado Mortgage Rates |
3.78 |
% |
3.80 |
% |
-2 |
|
|
Florida Mortgage Rates |
3.80 |
% |
3.79 |
% |
+1 |
|
|
Illinois Mortgage Rates |
3.80 |
% |
3.80 |
% |
0 |
|
|
Massachusetts Mortgage Rates |
3.80 |
% |
3.78 |
% |
+2 |
|
|
New Jersey Mortgage Rates |
3.82 |
% |
3.81 |
% |
+1 |
|
|
New York Mortgage Rates |
3.86 |
% |
3.89 |
% |
-3 |
|
|
Pennsylvania Mortgage Rates |
3.80 |
% |
3.78 |
% |
+2 |
|
|
Texas Mortgage Rates |
3.78 |
% |
3.78 |
% |
0 |
|
|
Washington Mortgage Rates |
3.79 |
% |
3.73 |
% |
+6 |
|
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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