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: http://www.zillow.com/mortgage-rates .
|State||Current 30-Year Fixed Rate (07/23/13)||Last week's 30-Year Fixed Rate (07/16/13)||Change in Basis Points|
|California Mortgage Rates||4.21%||4.25%||-4|
|Colorado Mortgage Rates||4.21%||4.30%||-9|
|Florida Mortgage Rates||4.21%||4.24%||-3|
|Illinois Mortgage Rates||4.20%||4.25%||-5|
|Massachusetts Mortgage Rates||4.24%||4.27%||-3|
|New Jersey Mortgage Rates||4.19%||4.21%||-2|
|New York Mortgage Rates||4.23%||4.30%||-7|
|Pennsylvania Mortgage Rates||4.20%||4.23%||-3|
|Texas Mortgage Rates||4.18%||4.26%||-8|
|Washington Mortgage Rates||4.21%||4.25%||-4|