Thirty-Year Fixed Mortgage Rate Hits Record Low; Current 30-Year Fixed Rate is 4.58%, According to Zillow(R) Mortgage Rate Ticker
SEATTLE, June 8 /PRNewswire/ -- The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.58 percent, down nine basis points from 4.67 percent at this same time last week. This is the lowest rate recorded since Zillow Mortgage Marketplace launched in April 2008. The 30-year fixed mortgage rate peaked Friday at 4.75 percent and fell the same day to below 4.7 percent before decreasing slowly through the weekend into today.
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Zillow's real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers through the 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 4.07 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.48 percent.
Below are current rates for 30-year fixed mortgages by state. Additional states' rates are available at: www.zillow.com/Mortgage_Rates.
State |
Current 30-Year Fixed Rate (6/8/10) |
Last week's 30-Year Fixed Rate (6/1/10) |
Change in Basis Points |
|||
4.77% |
4.74% |
+3 |
||||
4.62% |
4.70% |
-8 |
||||
4.73% |
4.82% |
-9 |
||||
4.54% |
4.65% |
-11 |
||||
4.68% |
4.60% |
-8 |
||||
4.65% |
4.71% |
-6 |
||||
4.56% |
4.70% |
-14 |
||||
4.56% |
4.59% |
-3 |
||||
4.57% |
4.65% |
-8 |
||||
4.65% |
4.82% |
-17 |
||||
4.61% |
4.68% |
-7 |
||||
4.60% |
4.71% |
-11 |
||||
4.59% |
4.64% |
-5 |
||||
4.58% |
4.70% |
-12 |
||||
4.70% |
4.73% |
-3 |
||||
4.62% |
4.62% |
-- |
||||
4.64% |
4.72% |
-8 |
||||
4.59% |
4.64% |
-5 |
||||
4.59% |
4.49% |
+10 |
||||
4.65% |
4.56% |
+9 |
||||
4.51% |
4.59% |
-8 |
||||
4.62% |
4.71% |
-9 |
||||
4.56% |
4.71% |
-15 |
||||
4.59% |
4.69% |
-10 |
||||
4.63% |
4.68% |
-5 |
||||
4.61% |
4.66% |
-5 |
||||
4.66% |
4.72% |
-6 |
||||
4.69% |
4.65% |
+4 |
||||
4.59% |
4.72% |
-13 |
||||
4.52% |
4.59% |
-7 |
||||
4.59% |
4.71% |
-12 |
||||
4.59% |
4.62% |
-3 |
||||
About Zillow Mortgage Marketplace
Zillow Mortgage Marketplace 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.
SOURCE Zillow.com
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