30-Year Fixed Mortgage Rates Continue to Rise for Third Consecutive Week;
Current Rate is 3.44%, According to Zillow Mortgage Rate Ticker
SEATTLE, Feb. 5, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on
Zillow® Mortgage Marketplace is currently 3.44 percent, up two basis points
from 3.42 percent at this same time last week. The 30-year fixed mortgage rate
hovered between 3.43 and 3.48 percent for the majority of the week, dropping
to the current rate this morning.
"Despite an unexpected increase in the unemployment rate, rates ended the week
essentially unchanged," said Erin Lantz, director of Zillow Mortgage
Marketplace. "This coming week, we expect rates to remain fairly flat with
limited economic news that might change the consensus that the economy is
recovering, but at a slow and cautious pace."
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 2.7 percent, while the
rate for a 5-1 adjustable-rate mortgage (ARM) is 2.35 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 30-Year Last week's 30-Year Change in
State Fixed Rate Fixed Rate (01/29/13) Basis Points
California Mortgage 3.43% 3.41% +2
Colorado Mortgage 3.46% 3.49% -3
Florida Mortgage 3.37% 3.4% -3
Illinois Mortgage 3.42% 3.4% +2
Massachusetts 3.52% 3.37% +15
New Jersey Mortgage 3.43% 3.38% +5
New York Mortgage 3.42% 3.43% -1
Pennsylvania Mortgage 3.4% 3.35% +5
Texas Mortgage Rates 3.51% 3.48% +3
Washington Mortgage 3.43% 3.4% +3
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: Media Contact:
Jill Simmons, Zillow
206-757-2701 or firstname.lastname@example.org
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