Skip to main content

Zillow: Fixed-Rates Dip Below the Four Percent Mark

NationalMortgageProfessional.com
Jun 23, 2015

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.95 percent, up two points from this time last week. The 30-year FRM fell to 3.82 percent on Friday, then hovered around 3.86 percent before rising to the current rate on Tuesday.

"Rates fell last week due to continued uncertainty about Greece's fiscal situation and the Fed signaling it might wait longer than expected to raise interest rates, but recovered as negotiations with Greece continue," said Erin Lantz, vice president of mortgages at
Zillow. "Rates will likely be volatile until a deal between Greece and its creditors is finalized."

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.

The rate for a 15-year FRM is currently 3.04 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.82 percent.

Published
Jun 23, 2015
DOJ: Lakeland Bank To Spend $13M To Settle 'Redlining' Claims

Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.

Industry News
Sep 29, 2022
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts

About 20% of its staff, or 75 people, were affected.

Industry News
Sep 28, 2022
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Tech
Sep 27, 2022
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022