Skip to main content

Zillow: Fixed-Rates Dip Back Down to Record Lows

Feb 03, 2015

30-Year Fixed Mortgage Rates Dip to New 20-Month Low; Current
      Rate is 3.56%, According to Zillow Mortgage Rate Ticker

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.56 percent, down two basis points from this time last week. The 30-year FRM hovered between 3.53 and 3.77 percent for most of the week, dropping to 3.46 percent on Friday before returning to the current rate.

"Rates edged down late last week, hitting new 20-month lows before inching up slightly on Monday," said Erin Lantz, vice president of mortgages at Zillow. "International economic turmoil continues to drive markets, but we expect rates to remain fairly flat leading up to Friday's employment report."

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 FRM is currently 2.90 percent, and the rate for a 5-1 adjustable-rate mortgage (ARM) is also 2.90 percent.

About the author
Published
Feb 03, 2015
Co-Founder Mat Grella Terminated From NEXA After Buyout Disagreement

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024