30-Year Fixed Mortgage Rates Jump Above 4 Percent; Current Rate is 4.10%, According to Zillow Mortgage Rate Ticker


SEATTLE, Dec. 20, 2016 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 4.10 percent, up 16 basis points from this time last week. The 30-year fixed mortgage rose early last week, rising above 4 percent for the first time in two years, then hovered around 4.14 percent before dipping to the current rate.

“Mortgage rates rose to their highest levels in two years following last Wednesday’s much-anticipated rate hike and the latest economic projections by the Fed, which indicated more rate hikes are likely in 2017,” said Erin Lantz, vice president of mortgages at Zillow. “This week, as markets wind down for the holiday season, lenders are expected to price conservatively going into the weekend.”

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 3.28 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.19 percent.  

Below are current rates for 30-year fixed mortgages by state. Additional states’ rates are available at: http://www.zillow.com/mortgage-rates.

      
 StateCurrent
30-Year
Fixed Rate
(12/20/16)
Last Week’s
30-Year
Fixed Rate
(12/13/16)
Change in
Basis
Points
 
 California Mortgage Rates4.11%3.95%+16 
 Colorado Mortgage Rates4.08%3.91%+17 
 Florida Mortgage Rates4.09%3.95%+14 
 Illinois Mortgage Rates4.13%3.97%+16 
 Massachusetts Mortgage Rates4.11%3.94%+17 
 New Jersey Mortgage Rates4.09%3.92%+17 
 New York Mortgage Rates4.13%3.97%+16 
 Pennsylvania Mortgage Rates4.10%3.91%+19 
 Texas Mortgage Rates4.11%3.97%+14 
 Washington Mortgage Rates4.09%3.97%+12 

About Zillow Mortgages
Zillow 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.


            

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