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Press release from GlobeNewswire (a Nasdaq OMX company)

30-Year Fixed Mortgage Rates Up Slightly; Current Rate is 3.47%, According to Zillow Mortgage Rate Ticker

Tuesday, March 26, 2013

30-Year Fixed Mortgage Rates Up Slightly; Current Rate is 3.47%, According to Zillow Mortgage Rate Ticker11:04 EDT Tuesday, March 26, 2013SEATTLE, March 26, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 3.47 percent, up one basis point from 3.46 percent at this same time last week. The 30-year fixed mortgage rate hovered between 3.44 and 3.5 percent for the majority of the week, dropping to the current rate this morning. "Mortgage rates fell slightly early last week as markets reacted to economic uncertainty in Cyprus, but later rebounded as the country emerged with a bailout plan," said Erin Lantz, director of Zillow Mortgage Marketplace. "This coming week, we expect some volatility related to political uncertainty in Italy, but with a shortened U.S. trading week, we expect the impact to be muted."Zillow's real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgage Marketplace 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 2.64 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.28 percent. Below are current rates for 30-year fixed mortgages by state. Additional states' rates are available at: http://www.zillow.com/mortgage-rates.               StateCurrent 30-Year Fixed Rate (03/26/13)Last week's 30-Year Fixed Rate (03/19/13)Change in Basis Points     California Mortgage Rates 3.46% 3.46% 0     Colorado Mortgage Rates 3.5% 3.47% +3     Florida Mortgage Rates 3.48% 3.43% +5     Illinois Mortgage Rates 3.52% 3.48% +4     Massachusetts Mortgage Rates 3.51% 3.51% 0     New Jersey Mortgage Rates 3.44% 3.41% +3     New York Mortgage Rates 3.42% 3.48% -6     Pennsylvania Mortgage Rates 3.42% 3.43% -1     Texas Mortgage Rates 3.49% 3.59% -10     Washington Mortgage Rates 3.47% 3.44% +3              About Zillow Mortgage Marketplace Zillow Mortgage Marketplace, operated by Zillow, Inc., is a free, open, and transparent lending marketplace, where borrowers connect with lenders to find loans and get the best mortgage rates. Borrowers anonymously submit loan requests and receive an unlimited number of custom mortgage quotes with real rates directly from thousands of competing lenders. Zillow Mortgage Marketplace also provides mortgage calculators, mortgage advice, mortgage widgets, and lender directories. The Zillow logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10012 Zillow is a registered trademark of Zillow, Inc.CONTACT: Media Contact: Jill Simmons, Zillow 206-757-2701 or press@zillow.com