Refinance category archives

Today, Zillow Mortgage Marketplace reached a couple of impressive milestones: more than 50,000 loan requests have been submitted, and more than 3,000 lenders responded to those requests with 250,000 loan quotes. All of this activity has taken place since the product’s launch on April 3 — just three months ago!

In addition to the previous feedback […]

Today, Zillow launched comprehensive, interactive mortgage rate charts with information on the most current mortgage rates being offered on Zillow Mortgage Marketplace. These aren’t your typical rate tables or charts — they are pretty unique for a number of reasons.
The rates are based on real quotes borrowers are receiving from lenders. They are not just […]

Since launching Zillow Mortgage Marketplace a little over a month ago, we’ve received all sorts of recommendations and feedback from our users. We have been busy fixing a few things since then, but we’ve also recently added features the our lender community has asked for. We appreciate the great suggestions we’ve received and hope the new […]

As you may have noticed, we recently made some additions to Zillow Mortgage Marketplace that help borrowers learn about their individual mortgage needs and the state of the current market.
Mortgage Calculators
We added 10 mortgage calculators to help borrowers answer important questions they may have before they begin shopping for a loan. They help calculate:

How Much […]

For those of you who haven’t already heard the news, today Freddie Mac reached an agreement with Wells Fargo, Citibank, Washington Mutual and JPMorgan Chase to purchase mortgages up to $730,000 in some areas. What does this mean for you?
Traditionally, homes loans above $417,000 were considered jumbo, and were not backed by government-sponsored programs, including […]

Some of you may have noticed some changes and additions we made to the Zillow Mortgage Marketplace landing page.  In addition to links directly to our Credit Score Estimator and Mortgage Help Center topics, we’re now making it easy for anyone visiting Mortgage Marketplace to look at loan requests and mortgage quotes happening in real […]

Zillow Mortgage Marketplace!

And of course it helps to have excellent credit and a 32% LTV. Not everyone gets this special attention but I’m amazed at how many loan originators and mortgage brokers do quote loans over the weekend. The Mortgage Marketplace is truly open 24/7. This refinance loan request already has quotes ranging from 5.4% […]

At Zillow we believe in information transparency. We believe informed consumers are empowered consumers. We believe these informed consumers make better customers for real estate professionals. We believe consumers should be able to shop anonymously, so that they are not approached by a salesperson until they ask for assistance. Finally, we believe in open and […]

This morning, CNBC’s Becky Quick interviewed Spencer Rascoff, Zillow’s CFO (here’s Spencer’s Active Rain blog), and Vince Farrell of Scotsman Capital Management. It’s an interesting discussion and I encourage you to watch the show if you have three minutes (click here.)
Spencer notes that thanks to the reduction in mortgage rates, a home buyer’s mortgage […]

You may have noticed that we quietly added a link to our footer: NEW For Lenders.  It’s true.  We’re working on a new loan service we’ll be launching later this year. Yes, we are being somewhat cryptic as we don’t want to ruin the surprise.  But while we can’t tell you much more now, we […]