SEATTLE, March 18, 2014 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow ® Mortgage Marketplace is currently 4.19 percent, down 2 basis points from this time last week. The 30-year fixed mortgage rate steadily declined last week, dropping to as low as 4.13 percent over the weekend before rising slightly to today's rate.
"Last week, rates dipped mid-week due to continued concerns about Ukraine," said Erin Lantz, director of mortgages at Zillow. "This week, we expect geo-political uncertainty will continue to remain top-of-mind for investors, and will keep rates somewhat depressed until the situation in Ukraine stabilizes."
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 3.17 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.75 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 (03/18/14)||Last Week's 30-Year Fixed Rate (03/11/14)||Change in Basis Points|
|California Mortgage Rates||4.21%||4.25%||-4|
|Colorado Mortgage Rates||4.19%||4.24%||-5|
|Florida Mortgage Rates||4.14%||4.20%||-6|
|Illinois Mortgage Rates||4.16%||4.22%||-6|
|Massachusetts Mortgage Rates||4.16%||4.22%||-6|
|New Jersey Mortgage Rates||4.20%||4.21%||-1|
|New York Mortgage Rates||4.19%||4.21%||-2|
|Pennsylvania Mortgage Rates||4.14%||4.20%||-6|
|Texas Mortgage Rates||4.23%||4.21%||+2|
|Washington Mortgage Rates||4.19%||4.23%||-4|
CONTACT: Media Contact: Laura Lowery, Zillow 206-799-5604 or email@example.com