Skip to main content

Zillow: Thirty-Year Fixed-Rate Rises to 3.48 Percent

May 14, 2013

The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 3.48 percent, up nine basis points from 3.39 percent at this same time last week. The 30-year fixed mortgage rate hovered between 3.39 and 3.41 percent for the majority of the week before rising near the current rate on Friday. “Prompted by rumors that the Fed would begin scaling back the QE3 stimulus program earlier than anticipated, mortgage rates rose late last week to a level not seen since early April,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This coming week, we expect rates will continue a longer-term upward trend as economic data points towards continued signs of economic recovery.” Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgage Marketplace 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 2.62 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.30 percent.
About the author
Published
May 14, 2013
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