Zillow: Fixed-Rates Drop to 3.55 Percent

Apr 07, 2015

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.55 percent, down seven basis points from this time last week. The 30-year FRM fell
throughout the week, reaching 3.47 percent on Sunday before returning to the current rate.

"Rates fell sharply around Friday's highly anticipated jobs report, which showed much weaker job creation and modestly higher wages than expected," said Erin Lantz, vice president of mortgages at Zillow. "Looking ahead we expect rates to be mostly flat, with reaction to last week's headlines and international news driving rate movement 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.

The rate for a 15-year FRM is currently 2.79 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) stands at 2.67 percent.

About the author

NationalMortgageProfessional.com

Link copied

Published

Apr 07, 2015

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...