Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Apple Turns 50: From Garage Startup to AI Crossroads 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
Britain Courts Anthropic Amid US Defense Department Dispute 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
SEATTLE, Aug. 01, 2017 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.73 percent, up one basis point from this time last week. The 30-year fixed mortgage rate rose Tuesday, then hovered around 3.76 percent for most of the week before falling to the current rate on Monday.
“Mortgage rates rose early last week after the FOMC meeting statement all but confirmed that the Fed will end the remnants of its recession-era bond buying program in September,” said Erin Lantz, vice president of mortgages at Zillow. “However, they fell back early this week as global uncertainty builds and markets become sensitive to low late-summer trading volumes. Markets will watch today’s inflation data and Friday’s jobs report for signs of a strengthening American economy.”
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 2.96 percent, and the rate for a 5-1 adjustable-rate mortgage (ARM) is also 2.96 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 (8/1/17) | Last Week’s 30-Year Fixed Rate (7/25/17) | Change in Basis Points | ||||
| California Mortgage Rates | 3.72 | % | 3.71 | % | +1 | ||
| Colorado Mortgage Rates | 3.79 | % | 3.71 | % | +8 | ||
| Florida Mortgage Rates | 3.73 | % | 3.72 | % | +1 | ||
| Illinois Mortgage Rates | 3.74 | % | 3.71 | % | +3 | ||
| Massachusetts Mortgage Rates | 3.73 | % | 3.73 | % | 0 | ||
| New Jersey Mortgage Rates | 3.68 | % | 3.69 | % | -1 | ||
| New York Mortgage Rates | 3.85 | % | 3.80 | % | +5 | ||
| Pennsylvania Mortgage Rates | 3.71 | % | 3.74 | % | -3 | ||
| Texas Mortgage Rates | 3.72 | % | 3.70 | % | +2 | ||
| Washington Mortgage Rates | 3.76 | % | 3.73 | % | +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]
