Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Instagram Outage Disrupts Thousands of U.S. Users 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SEATTLE, May 02, 2017 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.80 percent, up one basis point from this time last week. The 30-year fixed mortgage rate hovered between 3.78 percent and 3.85 percent before settling at the current rate.
“Mortgage rates were mostly stable last week, holding near six-month lows, though they fell slightly Monday on weak inflation data which could prompt the Fed to delay future rate hikes,” said Erin Lantz, vice president of mortgages at Zillow. “Rates should move more this week leading up to Friday’s jobs report in the United States, and Sunday’s French presidential election, which has important implications for the future of the European Union.”
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 3.03 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.88 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 (5/2/17) | Last Week’s 30-Year Fixed Rate (4/25/17) | Change in Basis Points | ||||
| California Mortgage Rates | 3.80 | % | 3.79 | % | +1 | ||
| Colorado Mortgage Rates | 3.78 | % | 3.80 | % | -2 | ||
| Florida Mortgage Rates | 3.80 | % | 3.79 | % | +1 | ||
| Illinois Mortgage Rates | 3.80 | % | 3.80 | % | 0 | ||
| Massachusetts Mortgage Rates | 3.80 | % | 3.78 | % | +2 | ||
| New Jersey Mortgage Rates | 3.82 | % | 3.81 | % | +1 | ||
| New York Mortgage Rates | 3.86 | % | 3.89 | % | -3 | ||
| Pennsylvania Mortgage Rates | 3.80 | % | 3.78 | % | +2 | ||
| Texas Mortgage Rates | 3.78 | % | 3.78 | % | 0 | ||
| Washington Mortgage Rates | 3.79 | % | 3.73 | % | +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]
