30-Year Fixed Mortgage Rate Remains Fairly Flat; Current Rate is 3.26%,
According to Zillow Mortgage Rate Ticker
SEATTLE, Nov. 6, 2012 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on
Zillow® Mortgage Marketplace is currently 3.26 percent, up two basis points
from 3.24 percent at this same time last week. The 30-year fixed mortgage rate
hovered between 3.23 and 3.3 percent for the majority of the week, rising to
the current rate this morning.
"Despite a stronger-than-expected jobs report this past week, rates stayed
fairly flat, largely because of a shortened trading week and other concerns in
the aftermath of Hurricane Sandy that spurred continued safe-haven buying of
mortgage-backed securities," said Erin Lantz, director of Zillow Mortgage
Marketplace. "This coming week, domestic economic news will be limited due to
the U.S. presidential election. However, headlines out of Greece could drive
more rate volatility if the Greek government faces increasing opposition to
the labor market reforms needed to receive International Monetary Fund and
European Union bailout funds."
Zillow's real-time mortgage rates are based on thousands of custom mortgage
quotes submitted daily to anonymous borrowers on the Zillow Mortgage
Marketplace 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 2.66 percent, while the
rate for a 5-1 adjustable-rate mortgage (ARM) is 2.4 percent.
Below are current rates for 30-year fixed mortgages by state. Additional
states' rates are available at: http://www.zillow.com/mortgage-rates.
Current Last week's
State 30-Year 30-Year Change in
Fixed Rate Fixed Rate Basis Points
California Mortgage Rates 3.26% 3.24% +2
Colorado Mortgage Rates 3.2% 3.22% -2
Florida Mortgage Rates 3.24% 3.19% +5
Illinois Mortgage Rates 3.22% 3.23% -1
Massachusetts Mortgage Rates 3.31% 3.28% +3
New Jersey Mortgage Rates 3.25% 3.35% -10
New York Mortgage Rates 3.15% 3.29% -14
Pennsylvania Mortgage Rates 3.22% 3.24% -2
Texas Mortgage Rates 3.25% 3.25% 0
Washington Mortgage Rates 3.29% 3.24% +5
About Zillow Mortgage Marketplace
Zillow Mortgage Marketplace, 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 Mortgage
Marketplace 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
CONTACT: Jill Simmons, Zillow
206-757-2701 or email@example.com
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