30-Year Fixed Mortgage Rates Down Slightly; Current Rate is 3.4%, According to Zillow Mortgage Rate Ticker

30-Year Fixed Mortgage Rates Down Slightly; Current Rate is 3.4%, According to
Zillow Mortgage Rate Ticker

SEATTLE, Feb. 26, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on
Zillow® Mortgage Marketplace is currently 3.4 percent, down six basis points
from 3.46 percent at this same time last week. The 30-year fixed mortgage rate
hovered between 3.42 and 3.47 percent for the majority of the week, dropping
to the current rate this morning.

"After remaining steady for the past week, rates moved slightly lower
yesterday after Italian election results renewed concerns about Eurozone
economic stability," said Erin Lantz, director of Zillow Mortgage Marketplace.
"This coming week, rate movement will depend on sequester discussions in the
U.S. and perceived political tensions in Italy and elsewhere in the European

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 2.64 percent, while the
rate for a 5-1 adjustable-rate mortgage (ARM) is 2.27 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
                               (02/26/13) (02/19/13)
 California Mortgage Rates    3.39%      3.45%       -6           
 Colorado Mortgage Rates      3.43%      3.45%       -2           
 Florida Mortgage Rates       3.37%      3.41%       -4           
 Illinois Mortgage Rates      3.41%      3.48%       -7           
 Massachusetts Mortgage Rates 3.4%       3.48%       -8           
 New Jersey Mortgage Rates    3.39%      3.41%       -2           
 New York Mortgage Rates      3.43%      3.5%        -7           
 Pennsylvania Mortgage Rates  3.38%      3.41%       -3           
 Texas Mortgage Rates         3.41%      3.44%       -3           
 Washington Mortgage Rates    3.4%       3.46%       -6           

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 press@zillow.com

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