Skip to main content

Zillow Reports Fixed-Rates Down

NationalMortgageProfessional.com
Sep 04, 2014

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.96 percent, down 12 basis points from this time last week. The 30-year fixed mortgage rate hovered around four percent for most of last week, peaking at 4.09 percent on Monday before easing back down to the current rate on Tuesday. “Mortgage rates stayed below four percent for much of last week on news of a potential European Central Bank plan to implement a stimulus program similar to the Federal Reserve’s that has kept rates low in the U.S.,” said Erin Lantz, vice president of mortgages at Zillow. “We expect rates to remain flat in this holiday-shortened week, as any bright spots in domestic economic data will likely be overshadowed by concerns about the European economy.” Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages 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 3.04 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.81 percent. 
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021