Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Instagram Outage Disrupts Thousands of U.S. Users 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SEATTLE, March 28, 2017 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.90 percent, down nine percentage points from this time last week. The 30-year fixed mortgage rate hovered between 3.90 percent and 3.98 for most of the week before settling at the current rate.
“Mortgage rates were particularly volatile last week driven by political uncertainty in the United States and are now at lowest levels since late February,” said Erin Lantz, vice president of mortgages at Zillow. “The Republican retreat on changes to the Affordable Care Act has cast doubt on Congress’ ability to enact broader economic legislation – notably tax reform – that could boost growth. This pushed investors toward safer assets in expectation of less economic stimulus in the years ahead. This week, political drama could again drive rates though several Fed speeches and inflation data due Friday could also move markets.”
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 3.11 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.92 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 (3/28/17) | Last Week’s 30-Year Fixed Rate (3/21/17) | Change in Basis Points | ||||
| California Mortgage Rates | 3.90 | % | 3.97 | % | -7 | ||
| Colorado Mortgage Rates | 3.88 | % | 3.98 | % | -10 | ||
| Florida Mortgage Rates | 3.90 | % | 3.98 | % | -8 | ||
| Illinois Mortgage Rates | 3.92 | % | 4.01 | % | -9 | ||
| Massachusetts Mortgage Rates | 3.88 | % | 3.99 | % | -11 | ||
| New Jersey Mortgage Rates | 3.90 | % | 3.99 | % | -9 | ||
| New York Mortgage Rates | 3.98 | % | 4.08 | % | -10 | ||
| Pennsylvania Mortgage Rates | 3.89 | % | 3.98 | % | -9 | ||
| Texas Mortgage Rates | 3.90 | % | 3.96 | % | -6 | ||
| Washington Mortgage Rates | 3.90 | % | 4.00 | % | -10 | ||
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.
Media Contact: Catharine Neilson, Zillow [email protected]
