• Ocwen7.285+0.125 +1.746%
  • Zillow25.3651+0.2051 +0.8152%
  • Trulia47+0 +0%
  • NationStar16.78+0.01 +0.06%
  • CoreLogic38.14+0.08 +0.21%
  • RE/MAX36.86+0.39 +1.07%
  • Fannie Mae2.26+0.07 +3.20%
  • Freddie Mac2.16+0.08 +3.85%
  • Wells Fargo53.62-0.41 -0.76%
  • CitiMortgage53.33-0.11 -0.21%
  • Bank of America16.3443-0.0957 -0.5821%
  • Fidelity National Financial36.90+0.02 +0.05%
  • First American38.85-0.25 -0.64%
  • AUDUSD=X0.7163-0.0004 -0.0614%
  • USDJPY=X121.3385+0.1735 +0.1432%
  • WP Stock Ticker
Home | Daily Dose | Zillow Marks Upward Trend in Mortgage Rates
Print This Post Print This Post

Zillow Marks Upward Trend in Mortgage Rates

Housing Recovery 2014

Zilllow Mortgage Marketplace, a lending marketplace operated by the home listing website Zillow, announced new mortgage rates Tuesday. Currently, the mortgage rate for a 30-year fixed mortgage is 4.18 percent, according to the release.

The rate hovered between 4.17 and 4.21 percent before spiking on Wednesday to 4.27 percent. Mortgage rates eventually came down, dropping to the reported 4.18 percent on Thursday.

The 4.18 percent mortgage rate reported by Zillow is an increase from previous week's rate of 4.14 percent.

"Last week, rates rose briefly when comments by Janet Yellen, the new Federal Reserve Chair, ended speculation that the Fed might delay the winding down of its stimulus program due to recent weak economic data," said Erin Lantz, director of mortgages at Zillow. "During this holiday-shortened week with limited economic data scheduled for release, we expect rates will continue to follow the gradual upward path of the past two weeks."

The rate for a 15-year fixed home loan is currently 3.14 percent, while the rate for a 5/1 adjustable-rate mortgage (ARM) is 2.71 percent.

About Author: Colin Robins

Colin Robins
Colin Robins is the online editor for He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.

Leave a Reply

Scroll To Top