The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

30-Year Fixed Mortgage Rates Rise for Fourth Consecutive Week; Current Rate is 4.30%, According to Zillow Mortgage Rate Ticker

Tuesday, December 17, 2013

30-Year Fixed Mortgage Rates Rise for Fourth Consecutive Week; Current Rate is 4.30%, According to Zillow Mortgage Rate Ticker

11:00 EST Tuesday, December 17, 2013

SEATTLE, Dec. 17, 2013 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 4.30 percent, up four basis points from 4.26 percent at this time last week. The 30-year fixed mortgage rate hovered around 4.26 percent early last week and spiked to 4.35 percent on Friday before leveling off at 4.30 percent during the weekend.

"Rates rose slightly last week on economic reports that indicate an encouraging outlook for the U.S. economy," said Erin Lantz, director of mortgages at Zillow. "This week, we expect any material market movement will wait until the Federal Open Market Committee announcement on Wednesday which will reveal the Federal Reserve's timeline for scaling back its stimulus program."

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 3.27 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.79 percent.

Below are current rates for 30-year fixed mortgages by state. Additional states' rates are available at: http://www.zillow.com/mortgage-rates.

           
  State Current
30-Year
Fixed Rate
(12/17/13)
Last week's
30-Year
Fixed Rate
(12/10/13)
Change in
Basis
Points
 
  California Mortgage Rates 4.32% 4.28% +4  
  Colorado Mortgage Rates 4.35% 4.31% +4  
  Florida Mortgage Rates 4.26% 4.23% +3  
  Illinois Mortgage Rates 4.33% 4.31% +2  
  Massachusetts Mortgage Rates 4.28% 4.26% +2  
  New Jersey Mortgage Rates 4.28% 4.24% +4  
  New York Mortgage Rates 4.29% 4.26% +3  
  Pennsylvania Mortgage Rates 4.27% 4.22% +5  
  Texas Mortgage Rates 4.33% 4.27% +6  
  Washington Mortgage Rates 4.31% 4.24% +7  

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. 

Zillow is a registered trademark of Zillow, Inc.

Please note: Zillow will not release a weekly mortgage rate alert next Tuesday, December 24th. Mortgage rate alerts will resume the following week on December 31st

The Zillow logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10012

CONTACT: Media Contact:
Laura Lowery, Zillow
206-799-5604 or press@zillow.com

Zillow Logo

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections