Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
Anghami Stock Soars After Strong H1 2025 Results, Revenue Nearly Doubles on OSN+ Integration 
Trump Administration Probes Corporate DEI Programs, Raising Questions for Google Stock 
Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power 
Vanda Pharmaceuticals Wins FDA Approval for New Motion Sickness Drug After Four Decades 
Disney Agrees to $10 Million Settlement Over Child Privacy Violations on YouTube 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China, Boosting Access to Wegovy and Mounjaro 
Citigroup to Exit Russia With Sale of AO Citibank to Renaissance Capital 
Lockheed Martin Secures Nearly $500 Million in U.S. and Allied Defense Contracts 
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market 
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics 
Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms 
China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions 
Nike Stock Rises After CEO Elliott Hill Buys $1 Million in Shares 
Hyundai Faces Deadline on Russia Plant Buyback Amid Ukraine War and Sanctions 
Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch 
Star Entertainment Leadership Shake-Up Deepens as CFO and COO Exit Amid Ongoing Restructuring 
SEATTLE, March 08, 2016 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.53 percent, up seven basis points from this time last week. The 30-year fixed mortgage rose early in the week before settling around the current rate.
“Mortgage rates moved decisively higher last week on a string of strong U.S. economic data – including a healthy jobs report and long-awaited signals that major oil producers might at last be willing to cut output to drive energy prices higher,” said Erin Lantz, vice president of mortgages at Zillow. “Even following last week’s increase, mortgage rates remain near their lowest levels for the past year and are unlikely to move dramatically higher in this data-sparse 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 2.70 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 (3/8/16) | Last Week’s 30-Year Fixed Rate (3/1/16) | Change in Basis Points | ||||||
| California Mortgage Rates | 3.53 | % | 3.45 | % | +8 | ||||
| Colorado Mortgage Rates | 3.53 | % | 3.46 | % | +7 | ||||
| Florida Mortgage Rates | 3.54 | % | 3.44 | % | +10 | ||||
| Illinois Mortgage Rates | 3.54 | % | 3.47 | % | +7 | ||||
| Massachusetts Mortgage Rates | 3.56 | % | 3.50 | % | +6 | ||||
| New Jersey Mortgage Rates | 3.55 | % | 3.45 | % | +10 | ||||
| New York Mortgage Rates | 3.58 | % | 3.54 | % | +4 | ||||
| Pennsylvania Mortgage Rates | 3.53 | % | 3.44 | % | +9 | ||||
| Texas Mortgage Rates | 3.50 | % | 3.46 | % | +4 | ||||
| Washington Mortgage Rates | 3.49 | % | 3.46 | % | +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]
