SEATTLE, Dec. 29, 2015 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.81 percent, up six basis points from this time last week. The 30-year fixed mortgage rose throughout the week, reaching 3.86 percent on Saturday before falling to the current rate on Monday.
“Mortgage rates increased modestly early last week, mostly due to market anomalies associated with the holiday-shortened week,” said Erin Lantz, vice president of mortgages at Zillow. “We expect another quiet couple of days in mortgage markets this week.”
Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages 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 3.02 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.05 percent.
Below are current rates for 30-year fixed mortgages by state. Additional states’ rates are available at: http://www.zillow.com/mortgage-rates.
| | | | | | |
| | State | Current
30-Year
Fixed Rate
(12/29/15) | Last Week’s
30-Year
Fixed Rate
(12/22/15) | Change in
Basis
Points | |
| | California Mortgage Rates | | |
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