Skip to main content

Zillow: FRMs Rise to 3.61 Percent

Apr 28, 2015

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.61 percent, up eight basis points from this time last week. The 30-year FRM rose early in the week then hovered around 3.60 percent before rising to the current rate Tuesday.

“Rates were essentially flat last week, remaining in the range they have been in for the past month,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect little rate movement leading up to Wednesday’s Q1 GDP data release and the Fed Statement later that day, which has the potential to raise rates if incoming data are unexpectedly strong.”  

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 at 2.84 percent, and the rate for a 5-1 adjustable-rate mortgage (ARM) is also 2.84 percent.

About the author
Published
Apr 28, 2015
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024
UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Apr 25, 2024
More Questions Than Answers At Housing Finance Climate Summit

Government officials, housing leaders, and climate scientists meet to address climate change's escalating impact on housing.

Apr 22, 2024
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024