Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
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 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Instagram Outage Disrupts Thousands of U.S. Users 
SEATTLE, Oct. 18, 2016 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.38 percent, up 1 basis point from this time last week. The 30-year fixed mortgage hovered around 3.38 percent throughout the week.
“Mortgage rates held near four-month highs last week, edging above their pre-Brexit levels for the first time,” said Erin Lantz, vice president of mortgages at Zillow. “This week, rates are unlikely to move sharply in either direction before Thursday’s European Central Bank meeting, but could shift late in the week.”
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 2.63 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.72 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 (10/18/16) | Last Week’s 30-Year Fixed Rate (10/11/16) | Change in Basis Points | ||||||
| California Mortgage Rates | 3.40 | % | 3.40 | % | 0 | ||||
| Colorado Mortgage Rates | 3.38 | % | 3.40 | % | -2 | ||||
| Florida Mortgage Rates | 3.35 | % | 3.34 | % | +1 | ||||
| Illinois Mortgage Rates | 3.40 | % | 3.36 | % | +4 | ||||
| Massachusetts Mortgage Rates | 3.35 | % | 3.34 | % | +1 | ||||
| New Jersey Mortgage Rates | 3.38 | % | 3.41 | % | -3 | ||||
| New York Mortgage Rates | 3.43 | % | 3.36 | % | +7 | ||||
| Pennsylvania Mortgage Rates | 3.37 | % | 3.41 | % | -4 | ||||
| Texas Mortgage Rates | 3.36 | % | 3.40 | % | -4 | ||||
| Washington Mortgage Rates | 3.38 | % | 3.35 | % | +3 | ||||
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]
