30-Year Fixed Mortgage Rates Rise Slightly for Second Consecutive Week;
Current Rate is 4.16%, According to Zillow Mortgage Rate Ticker
SEATTLE, Oct. 15, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on
Zillow® Mortgage Marketplace is currently 4.16 percent, up five basis points
from 4.11 percent at this time last week. The 30-year fixed mortgage rates
hovered between 4.11 and 4.14 percent for the majority of the week before
rising to the current rate this morning.
"Rates rose slightly last week, but remain relatively unchanged since the
government shutdown began two weeks ago," said Erin Lantz, director of
mortgages at Zillow. "Despite some non-government economic data scheduled to
be released next week, we expect rates to remain fairly steady until the
government re-opens and releases more insightful data on the health of the
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 3.18 percent, while the
rate for a 5-1 adjustable-rate mortgage (ARM) is 2.84 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 4.18% 4.11% +7
Colorado Mortgage Rates 4.14% 4.12% +2
Florida Mortgage Rates 4.15% 4.11% +4
Illinois Mortgage Rates 4.13% 4.11% +2
Massachusetts Mortgage Rates 4.19% 4.14% +5
New Jersey Mortgage Rates 4.12% 4.09% +3
New York Mortgage Rates 4.18% 4.15% +3
Pennsylvania Mortgage Rates 4.14% 4.09% +5
Texas Mortgage Rates 4.15% 4.09% +6
Washington Mortgage Rates 4.19% 4.09% +10
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.
The Zillow logo is available at
Zillow is a registered trademark of Zillow, Inc.
CONTACT: Media Contact:
Alison Paoli, Zillow
206-757-2701 or firstname.lastname@example.org
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