30-Year Fixed Mortgage Rates Decline First Time in 6 Weeks; Current Rate is
4.38%, According to Zillow Mortgage Rate Ticker
SEATTLE, Dec. 31, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on
Zillow® Mortgage Marketplace is currently 4.38 percent, up eight basis points
from 4.30 percent at this time two weeks ago*. The 30-year fixed mortgage rate
steadily rose during the past two weeks, peaking at 4.43 percent last
Wednesday before dropping to the current rate this morning.
"Rates were essentially unchanged last week after gradually climbing back up
during the past few weeks to approach the three-month high we saw in
September," said Erin Lantz, director of mortgages at Zillow. "This week, we
expect rates to remain at this higher plateau until normal market activity
returns after the New Year's holiday."
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 3.34 percent, while the
rate for a 5-1 adjustable-rate mortgage (ARM) is 2.93 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 Two Weeks
30-Year Prior 30- Change in
State Fixed Rate Year Fixed Basis
(12/31/13) Rate Points
California Mortgage Rates 4.39% 4.32% +7
Colorado Mortgage Rates 4.42% 4.35% +7
Florida Mortgage Rates 4.36% 4.26% +10
Illinois Mortgage Rates 4.40% 4.33% +7
Massachusetts Mortgage Rates 4.34% 4.28% +6
New Jersey Mortgage Rates 4.36% 4.28% +8
New York Mortgage Rates 4.39% 4.29% +10
Pennsylvania Mortgage Rates 4.38% 4.27% +11
Texas Mortgage Rates 4.40% 4.33% +7
Washington Mortgage Rates 4.39% 4.31% +8
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.
* Due to the holiday Zillow did not release a weekly mortgage rate alert last
Tuesday, Dec. 24.
CONTACT: Media Contact:
Laura Lowery, Zillow
206-799-5604 or email@example.com
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