Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
SEATTLE, Oct. 25, 2016 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.33 percent, down 5 basis points from this time last week. The 30-year fixed mortgage rate fell Friday, then hovered around the current rate for the rest of the week.
“Mortgage rates fell early last week on the heels of weaker than expected inflation data in the U.S., the European Central Bank’s deferring to plans to end its stimulus program, and political developments in Britain which could moderate the economic fallout from its exit from the European Union,” said Erin Lantz, vice president of mortgages at Zillow. “This week markets are likely to focus on several Fed speeches as well as Friday’s first look at Q3 GDP.”
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 2.61 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.70 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 (10/25/16) | Last Week’s 30-Year Fixed Rate (10/18/16) | Change in Basis Points | ||||||
| California Mortgage Rates | 3.31 | % | 3.40 | % | -9 | ||||
| Colorado Mortgage Rates | 3.29 | % | 3.38 | % | -9 | ||||
| Florida Mortgage Rates | 3.32 | % | 3.35 | % | -3 | ||||
| Illinois Mortgage Rates | 3.31 | % | 3.40 | % | -9 | ||||
| Massachusetts Mortgage Rates | 3.31 | % | 3.35 | % | -4 | ||||
| New Jersey Mortgage Rates | 3.30 | % | 3.38 | % | -8 | ||||
| New York Mortgage Rates | 3.39 | % | 3.43 | % | -4 | ||||
| Pennsylvania Mortgage Rates | 3.34 | % | 3.37 | % | -3 | ||||
| Texas Mortgage Rates | 3.33 | % | 3.36 | % | -3 | ||||
| Washington Mortgage Rates | 3.39 | % | 3.38 | % | +1 | ||||
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]
