Zillow is one of the newer companies available, as it was only established in 2006. However, it has quickly become one of the most popular sources for information regarding home loans. Buying or refinancing a new mortgage or refinancing an exciting mortgage can be complicated and overwhelming. Zillow can match you with the perfect lender based on the information that you provide. Zillow mortgage rates will connect you with a lender that will work hard to get you low rates on your mortgage. You need to know what the current mortgage rates are so you can make sure you are getting a good deal on your mortgage loan.

Zillow Current Mortgage Rates

Zillow is a good source to compare mortgage rates. Their site has the latest up-to-date information regarding rates. The refinance rate is based on a $100,000 loan, and the home rates are based on a $200,000 loan.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed rate 3.85% 4.23% $1412
20-year fixed rate 3.62% 3.97% $1622
15-year fixed rate 3.12% 3.39% $1818
5/1 ARM 3.12% 4.08% $1369
30-year refi 4.25% 4.39% $968
15-year refi 3.62% 3.88% $1197

*** The rates and terms can change at any time, and the fees are subject to change without notice. Access the bank’s website for the latest information.

Zillow Mortgage Rates Additional Information

Some people choose to have adjustable rate mortgages. An adjustable rate mortgage usually starts out with a low rate; however, after the initial period, it could increase. So, make sure that this is what you want. Your estimated payments include the taxes and, in some cases, homeowner’s insurance. With most lenders, if you experience a legitimate financial hardship, a rate adjustment can be done.

Zillow Mortgage Rates

The 30-year fixed mortgage is the most popular type of mortgage. 30-year mortgage rates are currently down a little, so now is a good time to buy. 15-year mortgage rates are also low. With a 15-year mortgage, you will pay off the loan quicker. The payments will be higher, but you will ultimately pay less. If you want somewhere in between, you can choose a 20-year mortgage. 20-year mortgage rates are usually somewhere in between the other loans. Keep in mind that home mortgage rates will change often, so keep up with the latest mortgage rates trend.

If you want a lower payment and possibly a lower rate, you can refinance your home. However, refinance mortgage rates might be a little higher than regular home loans. Whatever type of loan you choose, you can find a mortgage rates calculator at Zillow to determine how much your monthly payments will be.

Zillow is a great tool to use when looking for a mortgage. Zillow mortgage rates are the lowest available. Keep in mind that your rate will also depend on your credit score, income, and where you live. Zillow will help answer any questions you might have in their advice section, so you can concentrate on finding the home of your dreams.