Zillow: Rates Rise Slightly to 4.30 Percent – NMP Skip to main content

Zillow: Rates Rise Slightly to 4.30 Percent

NationalMortgageProfessional.com
Dec 17, 2013

The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.30 percent, up four basis points from 4.26 percent at this time last week. The 30-year fixed mortgage rate hovered around 4.26 percent early last week and spiked to 4.35 percent on Friday before leveling off at 4.30 percent during the weekend. “Rates rose slightly last week on economic reports that indicate an encouraging outlook for the U.S. economy,” said Erin Lantz, director of mortgages at Zillow. “This week, we expect any material market movement will wait until the Federal Open Market Committee announcement on Wednesday which will reveal the Federal Reserve’s timeline for scaling back its stimulus program.” 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 3.27 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.79 percent.
Published
Dec 17, 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