Skip to main content

Zillow: Fixed Rates Back Down to 4.26 Percent

NationalMortgageProfessional.com
Jul 16, 2013

The 30-year fixed rate mortgage (FRM) on the Zillow Mortgage Marketplace is currently 4.26 percent, down 15 basis points from 4.41 percent at this time last week. The 30-year FRM hovered between 4.38 and 4.45 early last week, peaking at 4.48 last Thursday before declining near the current rate early this week. “Last week, rates retreated from multi-year highs as Federal Reserve Chairman Ben Bernanke soothed concerns the Fed would scale back its stimulus program prematurely,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This week, markets will focus on Bernanke’s congressional testimony on Wednesday and Thursday for signs the Fed is feeling more or less confident on the current state of the economy.” 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 3.29 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.24 percent.  
Published
Jul 16, 2013
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021