Zillow's real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers through the site, and reflect the most recent changes in the market. These are not marketing rates, or a weekly survey.
The rate for 15-year fixed home loans is currently 4.32 percent, while the rate for 5-1 adjustable-rate mortgages (ARM) is 3.67 percent.
The volume of mortgage requests in the past week rose 9.5 percent from the prior week. Of last week's requests, 30.2 percent were for refinance loans, 67.7 percent were for purchase loans and 2.1 percent were for home equity loans. The prior week, 30.8 percent of requests were for refinance loans, 67.1 percent were for purchase loans and 2.0 percent were for home equity loans.
