Mortgage Rates Remain Steady Amid Market Turmoil

In addition to monitoring real-time mortgage rates on Zillow Mortgage Marketplace, Zillow also publishes the Zillow Mortgage Rate Monitor, a look at mortgage rate changes during the past week.

Last week, as activity on Wall Street reached chaotic levels, the national rate for 30-year fixed mortgages increased only slightly to 5.78%, up from 5.77% the week prior. The rate for 15-year fixed mortgages and 5/1 adjustable rate mortgages remained steady at 5.42% and 5.47%, respectively.

If you are wondering what happened in your state, see the table below.  Rates on 30-year fixed mortgages were lowest in Colorado (5.68%) and Arizona (5.69%), while New York (5.93%) and Maryland (5.91%) had the highest rates.

To see what’s happening today, check out the latest real-time mortgage rates on Zillow Mortgage Marketplace.  To see local mortgage rates, select your state from the Location drop-down menu in the top left area.