Zillow: Fixed-Rate Mortgages Remain Relatively Flat

NationalMortgageProfessional.com

Apr 21, 2015

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.53 percent, down five basis points from this time last week. The 30-year fixed mortgage rate fell early in the week then hovered around 3.53 percent for the rest of the week.

“After dipping early last week on soft economic data, rates have been remarkably flat,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect rates to remain largely unchanged with no big data releases or economic news on the horizon.”

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 2.81 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.73 percent.

Link copied

Published

Apr 21, 2015

Industry News

CHLA Advocates Attorney Opinion Letters As Alternatives To Title Insurance

CHLA asks FHFA to explore use of the letters.

The Community Home Lenders of America (CHLA) told Federal Housing Finance Director Sandra Thompson in a letter Wednesday that attorney opinion letters (AOLs) are viable alternatives to title insurance.  The organization cited the ongoing challenges related to rising mo...

People On The Move

Guild Mortgage Appoints Adam O'Daniel As Chief Marketing Officer

Industry veteran will lead marketing and branding initiatives.

Guild Mortgage announced the appointment of Adam O’Daniel as senior vice president and chief marketing officer Wednesday. In a press release, Guild said O'Daniel brings 15 years of experience in the mortgage and financial sectors previously having worked for Open Mortgage ...