30-Year Fixed Mortgage Rates Spike 21 Basis Points; Highest Levels Since May
2011, Current Rate is 4.52%, According to Zillow Mortgage Rate Ticker
SEATTLE, Aug. 20, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on
Zillow® Mortgage Marketplace is currently 4.52 percent, up 21 basis points
from 4.31 percent at this time last week. The 30-year fixed mortgage rate
steadily rose this week, peaking at 4.58 percent on Monday before dropping
near the current rate this morning.
"Mortgage rates hit a two-year high on generally positive domestic economic
news and stronger-than-expected European performance," said Erin Lantz,
director of Zillow Mortgage Marketplace. "We expect rates to continue to rise
gradually this week, unless Wednesday's Federal Reserve minutes contradict
expectations that the Fed will begin to wind down its stimulus program in
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 3.48 percent, while the
rate for a 5-1 adjustable-rate mortgage (ARM) is 3.18 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 Change in
State 30-Year 30-Year Basis
Fixed Rate Fixed Rate Points
California Mortgage Rates 4.54% 4.35% +19
Colorado Mortgage Rates 4.55% 4.32% +23
Florida Mortgage Rates 4.51% 4.29% +22
Illinois Mortgage Rates 4.53% 4.29% +24
Massachusetts Mortgage Rates 4.51% 4.32% +19
New Jersey Mortgage Rates 4.50% 4.26% +24
New York Mortgage Rates 4.55% 4.36% +19
Pennsylvania Mortgage Rates 4.49% 4.27% +22
Texas Mortgage Rates 4.53% 4.31% +22
Washington Mortgage Rates 4.55% 4.34% +21
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:
Alison Paoli, Zillow
206-757-2701 or email@example.com
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