Markets & EconomyMortgage

Zillow Mortgages report a week of unchanged national rates

Remaining unchanged from the previous week, the 30-year fixed rate mortgage was reported at 3.32 percent
  • 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.

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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...