Skip to main content

Zillow finds 30-year rate falls to new record low

Sep 21, 2010

The 30-year fixed mortgage rate on the Zillow Mortgage Marketplace is currently at 4.25 percent, down seven basis points from 4.32 percent at this same time last week. This rate represents the lowest rate reported since Zillow Mortgage Marketplace was launched in April 2008. The 30-year fixed mortgage rate peaked at 4.35 percent on Saturday, Sept. 18 and hovered near 4.33 percent before falling on Monday to the current rate. Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers through the 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 3.73 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.13 percent. Click here for the current rates for 30-year fixed mortgages by state. For more information, visit www.zillow.com.
About the author
Published
Sep 21, 2010
Co-Founder Mat Grella Terminated From NEXA

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