30-Year Fixed Mortgage Rate at Lowest Level Since May 2013

Zillow mortgages

Zillow mortgagesGlobeNewswire

The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.66 percent, down nine basis points from this time last week. The 30-year fixed mortgage rate moved lower last week, dropping to 3.64 percent on Sunday before returning to the current rate.

“Rates dipped again last week on strong U.S. data and international turmoil, falling to levels not seen since the ‘Taper Tantrum’ in May 2013,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect rates to remain fairly stable, then move slightly higher in response to the Federal Open Market Committee’s December statement 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.

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