According to data released by Zillow July 26, the 30-year fixed-rate mortgage is at 3.32 percent. Remaining unchanged over the previous week, the Zillow Mortgages rate scaled between 3.30 and 3.39 percent over the past week — but that is expected to change soon.

  • Zillow Mortgages reported its 30-year fixed mortgage at 3.32 percent July 26, which was unchanged over the previous week.
  • The largest weekly gain was reported in Colorado, increasing 9 basis points to a 30-year mortgage rate of 3.35 percent.
  • California, Florida, Illinois, Massachusetts, New Jersey, New York and Texas all reported weekly dips in basis points for 30-year fixed-rate mortgages.

According to data released by Zillow July 26, the 30-year fixed-rate mortgage is at 3.32 percent. Remaining unchanged over the previous week, the Zillow Mortgages rate scaled between 3.30 and 3.39 percent over the past week — but that is expected to change soon.

“Mortgage rates were flat last week as there was very little incoming data and central bank decisions came largely as expected,” Erin Lantz, vice president of mortgages at Zillow, said in a statement. “This week should be more volatile. Although the Fed is unlikely to raise interest rates, their statement should provide more signal about the path of rates ahead. In addition, GDP data scheduled for later in the week is among the most important data releases watched by financial markets.”

Based on custom mortgage quotes regularly submitted to Zillow, the Zillow Mortgages site offers real-time rates reflecting the ebb and flow of the market.

The 15-year fixed home loan rate was reported at 2.60 percent July 26, while a 5-1 adjustable-rate mortgage was marked at 2.75 percent.

mortgage

 

In the week reported July 26, the largest dip in weekly basis points was recorded in Massachusetts. Dropping 8 basis points since July 19, the state saw a 30-year fixed mortgage rate of 3.31 percent.

The biggest gain took place in Colorado, where the 30-year fixed mortgage rate jumped from 3.26 to 3.35, or 9 basis points.

Three states saw increases over the previous week, which, other than Colorado, include Pennsylvania and Washington. These states saw an increase of a respective 2 and 3 basis points.

Florida’s 30-year fixed-rate mortgage dipped 4 basis points, to 3.28 percent from 3.32 percent.

In New York, the current 30-year fixed rate mortgage was 3.38 percent from 3.41 percent July 19.

California and New Jersey both had a reported 2 basis point dip week-over-week, to 3.29 percent and 3.30 percent, respectively.

Dipping 1 basis point week-over-week, the Illinois mortgage rate was reported at 3.31 percent from 3.32 percent. Also falling 1 basis point was Texas, which was reported at the same rate as Illinois.

Email Kimberly Manning

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×