30-Year Fixed Mortgage Rates Fall; Current Rate is 3.75%, According to Zillow Mortgage Rate Ticker

2017-07-18 / @nasdaq

 

SEATTLE, July18, 2017(GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow (R) Mortgages is currently 3.75 percent, down eight basis points from this time last week. The 30-year fixed mortgage rate fell early in the week, then hovered around 3.76 percent for most of the week before settling at the current rate.

"Mortgage rates fell from 60-day highs last week, prompted by weak domestic inflation and retail sales data, and reports that interest rates could rise in Europe as the European Central Bank ends recession-era policies," said Erin Lantz, vice president of mortgages at Zillow. "Developments overseas - notably Thursday's ECB meeting - are likely to drive financial markets this week with few major U.S. data releases on the schedule."

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 2.99 percent, and the rate for a 5-1 adjustable-rate mortgage (ARM) is also 2.99 percent.

Below are current rates for 30-year fixed mortgages by state. Additional states' rates are available at: http://www.zillow.com/mortgage-rates.

StateCurrent
30-Year
Fixed Rate
(7/18/17)
Last Week's
30-Year
Fixed Rate
(7/11/17)
Change in
Basis
Points
California Mortgage Rates3.74%3.82%-8
Colorado Mortgage Rates3.72%3.76%-4
Florida Mortgage Rates3.75%3.81%-6
Illinois Mortgage Rates3.75%3.82%-7
Massachusetts Mortgage Rates3.75%3.83%-8
New Jersey Mortgage Rates3.74%3.81%-7
New York Mortgage Rates3.81%3.86%-5
Pennsylvania Mortgage Rates3.73%3.82%-9
Texas Mortgage Rates3.72%3.81%-9
Washington Mortgage Rates3.76%3.85%-9

About Zillow Mortgages
Zillow Mortgages, 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 Mortgages also provides mortgage calculators, mortgage advice, mortgage widgets, and lender directories.

Zillow is a registered trademark of Zillow, Inc.

Media Contact: 
Catharine Neilson, Zillow
press@zillow.com

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