Zillow Says 30-Year Fixed Mortgage Hits Record Low of 3.34%

The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 3.34 percent, down one basis point from 3.35 percent at the same time last week. This represents the lowest rate reported since Zillow Mortgage Marketplace launched in April 2008. The previous low was 3.35 percent, first reported one week ago on July 24. After peaking at 3.53 percent on Sunday, the 30-year fixed mortgage rate dropped and hovered between 3.39 and 3.48 percent, sliding to the current rate this morning.