Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
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 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
SEATTLE, April 05, 2016 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.40 percent, down 13 basis points from this time last week. The 30-year fixed mortgage fell early in the week then hovered around 3.41 percent before dipping to the current rate.
“Mortgage rates fell last week to their lowest levels since February after Fed Chair Janet Yellen suggested a more dovish stance on future rate hikes,” said Erin Lantz, vice president of mortgages at Zillow. “We expect less movement in rates this week, although some volatility could follow the release of minutes from the March Federal Open Market Committee meeting on Wednesday.”
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 2.64 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 (4/5/16) | Last Week’s 30-Year Fixed Rate (3/29/16) | Change in Basis Points | |||||
| California Mortgage Rates | 3.41 | % | 3.57 | % | -16 | |||
| Colorado Mortgage Rates | 3.38 | % | 3.52 | % | -14 | |||
| Florida Mortgage Rates | 3.40 | % | 3.50 | % | -10 | |||
| Illinois Mortgage Rates | 3.41 | % | 3.57 | % | -16 | |||
| Massachusetts Mortgage Rates | 3.48 | % | 3.56 | % | -8 | |||
| New Jersey Mortgage Rates | 3.42 | % | 3.50 | % | -8 | |||
| New York Mortgage Rates | 3.48 | % | 3.58 | % | -10 | |||
| Pennsylvania Mortgage Rates | 3.42 | % | 3.50 | % | -8 | |||
| Texas Mortgage Rates | 3.41 | % | 3.52 | % | -11 | |||
| Washington Mortgage Rates | 3.35 | % | 3.52 | % | -17 | |||
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.
The Zillow logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=28924
Media Contact: Catharine Neilson, Zillow [email protected]
