Vietnam’s EV Taxi Giant GSM Eyes Hong Kong IPO With $2–3 Billion Valuation 
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China as Competition Intensifies 
Hyundai Faces Deadline on Russia Plant Buyback Amid Ukraine War and Sanctions 
Leapmotor Targets 4 Million Annual EV Sales as Global Expansion Accelerates 
Lloyds Banking Group to Close Invoice Factoring Business by End of 2025 
Disney Agrees to $10 Million Settlement Over Child Privacy Violations on YouTube 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics 
Citigroup to Exit Russia With Sale of AO Citibank to Renaissance Capital 
China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions 
China’s Iron Ore Buyer Pressures Mining Giants as New Supply Shifts Market Power 
Nike Stock Rises After CEO Elliott Hill Buys $1 Million in Shares 
Star Entertainment Leadership Shake-Up Deepens as CFO and COO Exit Amid Ongoing Restructuring 
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy 
L&F Tesla Battery Supply Deal Value Drops Sharply Amid EV Market Slowdown 
SEATTLE, Feb. 28, 2017 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.85 percent, down 8 percentage points from this time last week. The 30-year fixed mortgage rate fell to the current rate last Friday and hovered there for the rest of the week.
"Mortgage rates fell last week following the FOMC’s meeting minutes, which indicated a rate hike would be ‘fairly soon’ but gave no strong signal about a hike in March,” said Erin Lantz, vice president of mortgages at Zillow. “While rates are currently hovering around a three-month low, the release of key economic data, speeches by Fed officials or details of new significant infrastructure initiatives, could move rates slightly higher."
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 3.07 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.83 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 (2/28/17) | Last Week’s 30-Year Fixed Rate (2/21/17) | Change in Basis Points | ||||
| California Mortgage Rates | 3.85 | % | 3.93 | % | -8 | ||
| Colorado Mortgage Rates | 3.84 | % | 3.93 | % | -9 | ||
| Florida Mortgage Rates | 3.84 | % | 3.92 | % | -8 | ||
| Illinois Mortgage Rates | 3.85 | % | 3.97 | % | -12 | ||
| Massachusetts Mortgage Rates | 3.83 | % | 3.91 | % | -8 | ||
| New Jersey Mortgage Rates | 3.84 | % | 3.93 | % | -9 | ||
| New York Mortgage Rates | 3.97 | % | 3.98 | % | -1 | ||
| Pennsylvania Mortgage Rates | 3.85 | % | 3.92 | % | -7 | ||
| Texas Mortgage Rates | 3.82 | % | 3.92 | % | -10 | ||
| Washington Mortgage Rates | 3.86 | % | 3.98 | % | -12 | ||
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]
