SEATTLE, April 22, 2014 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow ® Mortgage Marketplace is currently 4.19 percent, up five basis points from this time last week. The 30-year fixed mortgage rate steadily increased last week, peaking on Monday at 4.26 percent before dropping back down to the current rate on Tuesday.
"Last week, rates rose slightly on improving unemployment and manufacturing data," said Erin Lantz, vice president of mortgages at Zillow. "This week, fewer significant economic reports are slated for release, and markets are more likely to be swayed by the geo-political situation in Ukraine, which could affect rates."
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 3.18 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.78 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 (04/22/14)||Last Week's 30-Year Fixed Rate (04/15/14)||Change in Basis Points|
|California Mortgage Rates||4.19%||4.14%||+5|
|Colorado Mortgage Rates||4.23%||4.14%||+9|
|Florida Mortgage Rates||4.18%||4.14%||+4|
|Illinois Mortgage Rates||4.18%||4.18%||0|
|Massachusetts Mortgage Rates||4.19%||4.14%||+5|
|New Jersey Mortgage Rates||4.19%||4.14%||+5|
|New York Mortgage Rates||4.24%||4.24%||0|
|Pennsylvania Mortgage Rates||4.16%||4.12%||+4|
|Texas Mortgage Rates||4.19%||4.13%||+6|
|Washington Mortgage Rates||4.19%||4.17%||+2|