TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
SEATTLE, Feb. 23, 2016 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.47 percent, up two basis points from this time last week. The 30-year fixed mortgage hovered around 3.45 percent before rising to the current rate.
“Despite some volatility, mortgage rates were roughly flat last week holding near 3-year lows,” said Erin Lantz, vice president of mortgages at Zillow. “This week, several Fed speeches should provide insight into current thinking of the Federal Open Market Committee, and inflation data could move rates higher if stronger than expected. However, given recent history, the likeliest path is for rates to remain roughly flat.”
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 2.69 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.78 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 (2/23/16) | Last Week’s 30-Year Fixed Rate (2/16/16) | Change in Basis Points | ||||
| California Mortgage Rates | 3.45 | % | 3.44 | % | +1 | ||
| Colorado Mortgage Rates | 3.47 | % | 3.46 | % | +1 | ||
| Florida Mortgage Rates | 3.46 | % | 3.44 | % | +2 | ||
| Illinois Mortgage Rates | 3.49 | % | 3.48 | % | +1 | ||
| Massachusetts Mortgage Rates | 3.52 | % | 3.48 | % | +4 | ||
| New Jersey Mortgage Rates | 3.51 | % | 3.45 | % | +6 | ||
| New York Mortgage Rates | 3.53 | % | 3.48 | % | +5 | ||
| Pennsylvania Mortgage Rates | 3.53 | % | 3.44 | % | +9 | ||
| Texas Mortgage Rates | 3.48 | % | 3.46 | % | +2 | ||
| Washington Mortgage Rates | 3.48 | % | 3.48 | % | 0 | ||
About Zillow Mortgages
Zillow 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.
Zillow is a registered trademark of Zillow, Inc.
The Zillow logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=28924
Media Contact: Catharine Neilson, Zillow [email protected]
