Skip to main content

Black Friday Deals in the Mortgage Department: Rates Hit Lowest Levels in 19 Months

NationalMortgageProfessional.com
Dec 02, 2014

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently at 3.76 percent, down one basis point from this time last week. The 30-year fixed mortgage hovered around 3.75 percent last week before settling at the current rate.

"Rates continued to slide last week, and are now down more than a half of a percentage point from their mid-September peak," said Erin Lantz, vice president of mortgages at Zillow. "Strong economic data suggests rates should move higher, but weak demand for new loans has kept rates
low. This week we expect to see some volatility as markets react to Friday's job report, but anticipate rates to increase modestly by week's end."

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 FRM is currently 2.97 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.76 percent.

Published
Dec 02, 2014
RMF: Payments Going Out In The Next 24 Hours

Company filed for Chapter 11 bankruptcy last week.

Industry News
Dec 06, 2022
Bankruptcy Court Approves RMF Requests

Payments to reverse mortgage borrowers to resume.

Industry News
Dec 05, 2022
Redfin Adds Zoning Data For More Than 70M Homes

Real estate brokerage teamed with Zoneomics to educate buyers on zoning implications.

Industry News
Dec 05, 2022
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022
Ohio Couple Sues Mr. Cooper Unit Over Loan Modification Denial

Seek class action status over denial of COVID-19

Industry News
Dec 01, 2022
Ready Life Changing The Homebuying Narrative

CEO says that the credit score system is an out-of-date barrier to people of color

Industry News
Nov 30, 2022