Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
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 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Italy Fines Apple €98.6 Million Over App Store Dominance 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
SEATTLE, Oct. 11, 2016 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.37 percent, up 5 basis points from this time last week. The 30-year fixed mortgage rose Friday to the current rate, then hovered there for the rest of the week.
“Despite a weaker-than-expected jobs report, mortgage rates rose last week to their highest levels in three months amid speculation that the European Central Bank may reduce its stimulus program sooner than expected,” said Erin Lantz, vice president of mortgages at Zillow. “This week, markets will likely focus on the tone of Wednesday’s Federal Open Market Committee September Meeting Minutes and comments from key Fed officials for more clarity on the sense of urgency for future rate hikes.”
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 2.60 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.74 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 (10/11/16) | Last Week’s 30-Year Fixed Rate (10/4/16) | Change in Basis Points | ||||||
| California Mortgage Rates | 3.40 | % | 3.33 | % | +7 | ||||
| Colorado Mortgage Rates | 3.40 | % | 3.33 | % | +7 | ||||
| Florida Mortgage Rates | 3.34 | % | 3.29 | % | +5 | ||||
| Illinois Mortgage Rates | 3.36 | % | 3.31 | % | +5 | ||||
| Massachusetts Mortgage Rates | 3.34 | % | 3.28 | % | +6 | ||||
| New Jersey Mortgage Rates | 3.41 | % | 3.37 | % | +4 | ||||
| New York Mortgage Rates | 3.36 | % | 3.33 | % | +3 | ||||
| Pennsylvania Mortgage Rates | 3.41 | % | 3.35 | % | +6 | ||||
| Texas Mortgage Rates | 3.40 | % | 3.34 | % | +6 | ||||
| Washington Mortgage Rates | 3.35 | % | 3.29 | % | +6 | ||||
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]
