SEATTLE, April 04, 2017 (GLOBE NEWSWIRE) --  The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.84 percent, down six percentage points from this time last week. The 30-year fixed mortgage rate hovered between 3.94 percent and 3.88 percent for most of the week before falling to the current rate.

"Mortgage rates trended lower last week, ending almost 10 basis points lower and touching their lowest levels since mid-February," said Erin Lantz, vice president of mortgages at Zillow. "Friday's jobs report and the publication on Wednesday of minutes from the March FOMC meeting, which will include new details about the Fed Governors' economic forecasts, could move rates this week."

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 3.06 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.85 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 (4/4/17) Last Week's 30-Year Fixed Rate (3/28/17) Change in Basis Points  
  California Mortgage Rates 3.84 % 3.90 % -6  
  Colorado Mortgage Rates 3.82 % 3.88 % -6  
  Florida Mortgage Rates 3.85 % 3.90 % -5  
  Illinois Mortgage Rates 3.84 % 3.92 % -8  
  Massachusetts Mortgage Rates 3.82 % 3.88 % -6  
  New Jersey Mortgage Rates 3.84 % 3.90 % -6  
  New York Mortgage Rates 3.96 % 3.98 % -2  
  Pennsylvania Mortgage Rates 3.83 % 3.89 % -6  
  Texas Mortgage Rates 3.83 % 3.90 % -7  
  Washington Mortgage Rates 3.83 % 3.90 % -7  

About Zillow MortgagesZillow 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, Zillowpress@zillow.com