This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
SEATTLE, July 23, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed
mortgage rate on
Zillow ® Mortgage Marketplace is currently 4.20 percent, down six basis points from 4.26 percent at this time last week. The 30-year fixed mortgage rate fluctuated between 4.18 and 4.28 early last week, leveling out near the current rate on Friday.
"Last week rates were fairly flat as Fed Chairman Ben Bernanke reiterated his commitment to scale back the Fed's stimulus program, provided that economic fundamentals continue to improve," said Erin Lantz, director of Zillow Mortgage Marketplace. "This coming week there are limited data releases or news events on the calendar, so we expect rates to remain essentially unchanged."
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 3.29 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.23 percent.
Below are current rates for 30-year fixed mortgages by state. Additional states' rates are available at:
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 widgets, and
Zillow is a registered trademark of Zillow, Inc.