Zillow Group Inc. (Z)
30-Year Mortgage Rates Fall Again
Close After rising higher for two days, 30-year new purchase mortgage rates shaved off several points Thursday, moving the average back down to 6.87%. Rates declined for many other mortgage types as well. National Averages of Lenders' Best Mortgage Rates Loan Type New Purchase 30-Year Fixed 6.87% FHA 30-Year Fixed 7.25% 15-Year Fixed 6.03% Jumbo 30-Year Fixed 6.84% 5/6 ARM 7.20% Provided via the Zillow Mortgage API Since rates vary widely across lenders, it's always smart to shop around for your best mortgage rate and compare rates regularly, no matter the type of home loan you seek. Compare Current Mortgage Rates Today - Feb. 13, 2025 Today's New Purchase Mortgage Rate Averages Rates on 30-year new purchase mortgages subtracted 6 basis points Thursday, pushing the average down to 6.87%. That's better than a month ago—when 30-year rates shot up to a seven-month high of 7.13%—but is a bit above last week's dip to 6.79%. Back in September, 30-year rates plunged, sinking as far as a two-year low of 5.89%. In the ensuing three months, however, the average surged almost 1.25 percentage points—before recently moving lower. Rewinding further, the 30-year average notched a high 7.37% last spring, so today's rates are significantly improved vs. 10 months ago. They're also almost 1.2 percentage points cheaper than the historic 23-year peak of 8.01% reached in October 2023. Rates on 15-year mortgages fell 7 basis points Thursday, to a 6.03% average—flirting with a return to 5% territory. Like its 30-year cousin, the 15-year average sank to a two-year low in September, falling below the 5% mark to 4.97%. Though today's 15-year average is elevated, it remains more than a percentage point below October 2023's historic 7.08% reading—a high since 2000. Jumbo 30-year mortgage rates dipped a mild 3 basis points Thursday, nudging the average down to 6.84%. That's a bit above last week's seven-week low of 6.75%. In September, jumbo 30-year rates plummeted to 6.24%, their cheapest average in 19 months. Meanwhile, it's estimated that the 8.14% peak of October 2023 was the most expensive jumbo 30-year average in 20-plus years. National Averages of Lenders' Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.87% -0.06 FHA 30-Year Fixed 7.25% +0.05 VA 30-Year Fixed 6.43% -0.07 20-Year Fixed 6.71% -0.06 15-Year Fixed 6.03% -0.07 FHA 15-Year Fixed 6.88% +0.01 10-Year Fixed 5.99% No Change 7/6 ARM 7.05% -0.06 5/6 ARM 7.20% -0.03 Jumbo 30-Year Fixed 6.84% -0.03 Jumbo 15-Year Fixed 6.69% +0.04 Jumbo 7/6 ARM 6.90% -0.11 Jumbo 5/6 ARM 7.06% +0.03 Provided via the Zillow Mortgage API The Weekly Freddie Mac Average Every Thursday, Freddie Mac, a government-sponsored buyer of mortgage loans, publishes a weekly average of 30-year mortgage rates. Yesterday's reading edged down 2 basis points, lowering the average to 6.87%. As recently as Sept. 26, the average had sunk as far as 6.08%. Back in October 2023, however, Freddie Mac's average saw a historic rise, surging to a 23-year peak of 7.79%. Freddie Mac's average differs from what we report for 30-year rates because Freddie Mac calculates a weekly average that blends five previous days of rates. In contrast, our Investopedia 30-year average is a daily reading, offering a more precise and timely indicator of rate movement. In addition, the criteria for included loans (e.g., amount of down payment, credit score, inclusion of discount points) varies between Freddie Mac's methodology and our own. Calculate monthly payments for different loan scenarios with our Mortgage Calculator. The rates we publish won’t compare directly with teaser rates you see advertised online since those rates are cherry-picked as the most attractive vs. the averages you see here. Teaser rates may involve paying points in advance or may be based on a hypothetical borrower with an ultra-high credit score or for a smaller-than-typical loan. The rate you ultimately secure will be based on factors like your credit score, income, and more, so it can vary from the averages you see here. What Causes Mortgage Rates to Rise or Fall? Mortgage rates are determined by a complex interaction of macroeconomic and industry factors, such as: The level and direction of the bond market, especially 10-year Treasury yields The Federal Reserve's current monetary policy, especially as it relates to bond buying and funding government-backed mortgages Competition between mortgage lenders and across loan types Because any number of these can cause fluctuations simultaneously, it's generally difficult to attribute the change to any one factor. Macroeconomic factors kept the mortgage market relatively low for much of 2021. In particular, the Federal Reserve had been buying billions of dollars of bonds in response to the pandemic's economic pressures. This bond-buying policy is a major influencer of mortgage rates. But starting in November 2021, the Fed began tapering its bond purchases downward, making sizable reductions each month until reaching net zero in March 2022. Between that time and July 2023, the Fed aggressively raised the federal funds rate to fight decades-high inflation. While the fed funds rate can influence mortgage rates, it doesn't directly do so. In fact, the fed funds rate and mortgage rates can move in opposite directions. But given the historic speed and magnitude of the Fed's 2022 and 2023 rate increases—raising the benchmark rate 5.25 percentage points over 16 months—even the indirect influence of the fed funds rate has resulted in a dramatic upward impact on mortgage rates over the last two years. The Fed maintained the federal funds rate at its peak level for almost 14 months, beginning in July 2023. But in September, the central bank announced a first rate cut of 0.50 percentage points, and then followed that with quarter-point reductions in November and December. For its first meeting of the new year, however, the Fed opted to hold rates steady—and it’s possible the central bank may not make another rate cut for months. At their Dec. 18 meeting, the Fed released its quarterly rate forecast, which showed that, at that time, the central bankers’ median expectation for the coming year was just two quarter-point rate cuts. With a total of eight rate-setting meetings scheduled per year, that means we could see multiple rate-hold announcements in 2025. How We Track Mortgage Rates The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a down payment of at least 20%) and an applicant credit score in the 680–739 range. The resulting rates represent what borrowers should expect when receiving quotes from lenders based on their qualifications, which may vary from advertised teaser rates. © Zillow, Inc., 2024. Use is subject to the Zillow Terms of Use.
Buy the Dip on This Real Estate Stock
Shares of online real estate marketplace Zillow Group Inc (NASDAQ:Z) are up 0.7% at $78.78 at last glance, following last session's 9.4% loss.
Zillow: Buy The Dip And Wait For The Housing Market To Recover
Zillow shares dropped after a buoyant Q4 earnings print, owing to a perceived weak Q1 outlook. I reiterate my buy rating and encourage buying the dip. The company has a track record for guiding conservatively, exceeding even the high end of its range over the past several quarters. The company has also reminded us that we're in a real estate cyclical trough, with very low housing turnover (~3%) versus historical averages of 4.2%.
Zillow's Mixed Quarter: Analysts See Strong Execution But Caution On 2025 Guidance
Zillow Group, Inc. ZG shares are trading lower after the company reported mixed results on Tuesday.
Why Zillow Stock Crashed an Unlucky 13% Today
Zillow Group (Z -11.96%) (ZG -12.91%) stock tumbled 13.1% through 10:20 a.m. ET Wednesday, despite beating Wall Street sales forecasts in its earnings release last night.
Zillow Group, Inc. (Z) Q4 2024 Earnings Call Transcript
Zillow Group, Inc. (NASDAQ:Z ) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Bradley Berning - Investor Relations Jeremy Wacksman - Chief Executive Officer Jeremy Hofmann - Chief Financial Officer Conference Call Participants Ronald Josey - Citigroup Ryan McKeveny - Zelman & Associates Bradley Erickson - RBC Capital Markets Mark Mahaney - Evercore ISI Nicholas Jones - Citizens JMP John Colantuoni - Jefferies Thomas Champion - Piper Sandler Jay McCanless - Wedbush Securities Operator Hello and welcome to Zillow Group's Fourth Quarter 2024 Financial Results Call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session.
Zillow (Z) Lags Q4 Earnings Estimates
Zillow (Z) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.20 per share a year ago.
Match appoints Zillow co-founder Spencer Rascoff as CEO
Match Group announced Zillow co-founder Spencer Rascoff as its new CEO. Rascoff, who has served as a member of the board since March 2024, will immediately replace current CEO Bernard Kim.
Zillow (Z) Reports Next Week: Wall Street Expects Earnings Growth
Zillow (Z) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zillow's One-Stop Strategy Drives Gains In Rentals, Mortgages, Analysts Say
There is upside to the current Street estimates for Zillow Group Inc ZG even in the absence of any improvement in existing home sales through 2026, according to KeyBanc Capital Markets.
Why Zillow (Z) Could Beat Earnings Estimates Again
Zillow (Z) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zillow price target raised to $75 from $60 at Morgan Stanley
Zillow + Zillow Group +0.1 (+0.15%)
