30-Year Fixed Mortgage Rates Unchanged; Current Rate is 3.89%, According to Zillow Mortgage Rate Ticker

The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.89 percent, up 1 basis point from this time last week. The 30-year fixed mortgage rose to 3.93 percent leading into the holiday weekend, then fell back to the current rate on Tuesday.

“Mortgage rates were roughly flat last week, despite the conservative pricing going into the Martin Luther King Holiday weekend,” said Erin Lantz, vice president of mortgages at Zillow. “This week rates could move in response to incoming inflation data and several Fed speeches, although the more likely focus will be on the U.S. presidential transition and the incoming Administration’s economic policy, particularly Senate confirmation hearings for Treasury Secretary designate Steven Mnuchin.”

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 fixed home loan is currently 3.10 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.03 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	Current30-Year Fixed Rate (1/17/17)		Last Week’s 30-Year Fixed Rate (1/10/17)		Change in Basis Points
	California Mortgage Rates	3.86	%	3.86	%	0
	Colorado Mortgage Rates	3.86	%	3.85	%	+1
	Florida Mortgage Rates	3.89	%	3.89	%	0
	Illinois Mortgage Rates	3.90	%	3.91	%	-1
	Massachusetts Mortgage Rates	3.85	%	3.83	%	+2
	New Jersey Mortgage Rates	3.88	%	3.88	%	0
	New York Mortgage Rates	3.95	%	3.90	%	+5
	Pennsylvania Mortgage Rates	3.92	%	3.89	%	+3
	Texas Mortgage Rates	3.88	%	3.88	%	0
	Washington Mortgage Rates	3.88	%	3.91	%	-3

About Zillow MortgagesZillow Mortgages, 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 Mortgages also provides mortgage calculators, mortgage advice, mortgage widgets, and lender directories. 

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Media Contact: 
Catharine Neilson, Zillow
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