The ever-popular 30-year fixed-rate mortgage could be scooped up for as low as 3.98 percent in the state of New York this week, according to Zillow.
It actually fell 30 basis points from a week earlier in the Empire State, when it stood at 4.28 percent.
In California, the 30-year fixed averaged 4.04 percent, down from 4.15 percent last week.
And in Florida, you could snag a 30-year mortgage for 4.02 percent, after it dropped from 4.13 percent a week earlier.
Nationwide, the popular loan program averaged a record low 4.07 percent during the week ending November 9, down from 4.14 percent last week.
The 15-year fixed fell to 3.51 percent from 3.60 percent, and the five-year adjustable-rate mortgage averaged 2.91 percent, down from 2.96 percent.
Zillow’s real-time mortgage rates come from thousands of mortgage quotes submitted anonymously to borrowers, so they’re actual mortgage rates, not a weekly survey or simply marketing rates.
Either way, it’s amazing to see 30-year fixed mortgage rates in the 3% range. It certainly makes things more affordable for both those looking to purchase a home or refinance their current mortgage.