Fixed-Rates Dip to 4.08 Percent on Zillow Marketplace – NMP Skip to main content

Fixed-Rates Dip to 4.08 Percent on Zillow Marketplace

NationalMortgageProfessional.com
Oct 01, 2013

The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 4.08 percent, down nine basis points from 4.17 percent at this time last week. The 30-year fixed mortgage rates have been steadily declining since last week, dropping to the current rate this morning. In just three weeks, 30-year fixed mortgage rates have dropped a total of 41 basis points. “Mortgage rates hit 13-week lows as markets adjusted to the slower wind-down of the Federal Reserve’s stimulus program than what was expected,” said Erin Lantz, director of mortgages at Zillow. “This coming week, we do not expect the government shutdown to have any significant impact on mortgage rates. Any rise or fall in rates will be due to unexpected news out of Friday’s job report.” 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 3.12 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.90 percent.
Published
Oct 01, 2013
Better, Palantir Team To Launch Tinman Marketplace

Company says loan platform will revolutionize origination and mortgage portfolio management.

Tech
Aug 18, 2022
Blend Labs Has Cut 420 Jobs Since April

The 25% reduction of its workforce comes as it posts $478 million Q2 loss.

Industry News
Aug 17, 2022
UWM Now Offering Temporary Rate Buydowns

The temporary buydowns will lower borrowers’ interest rates by up to 2% for the first two years of a mortgage. 

Industry News
Aug 17, 2022
Rocket Mortgage Teams With Santander Bank

Rocket's mortgage services now available to Santander's U.S. banking clients

Industry News
Aug 16, 2022
Ameris Bank Commits $10M To Help 1st-Time Homebuyers

The Ameris Down Payment Grant Program will help eligible first-time buyers with down payments and closing costs.

Industry News
Aug 16, 2022
Competition Now Highest For Lowest-Priced Homes

In reverse of pandemic trend, competition for mid- and high-priced homes not as white hot among buyers.

Analysis and Data
Aug 16, 2022