SEATTLE, June 13, 2017 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.71 percent, up five basis points from this time last week. The 30-year fixed mortgage rate rose steadily throughout the week.

"Mortgage rates edged higher last week, the first weekly increase since early May, mostly in response to slight changes to the European Central Bank's forward-looking statements, which reduced downward pressure on U.S. rates," said Erin Lantz, vice president of mortgages at Zillow. "This week the FOMC meeting statement due Wednesday is the headline event. A rate hike is largely priced into markets already, but changes to the outlook could move rates."

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 2.97 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.95 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 (6/13/17)  Last Week's 30-Year Fixed Rate(6/6/17)   Change in  Basis Points   
  California Mortgage Rates 3.72 % 3.64 % +8  
  Colorado Mortgage Rates 3.72 % 3.64 % +8  
  Florida Mortgage Rates 3.69 % 3.65 % +4  
  Illinois Mortgage Rates 3.73 % 3.69 % +4  
  Massachusetts Mortgage Rates      3.70 % 3.65 % +5  
  New Jersey Mortgage Rates 3.71 % 3.66 % +5  
  New York Mortgage Rates 3.76 % 3.72 % +4  
  Pennsylvania Mortgage Rates 3.68 % 3.66 % +2  
  Texas Mortgage Rates 3.69 % 3.66 % +3  
  Washington Mortgage Rates 3.74 % 3.69 % +5  

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

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