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Ambassador
2,178,553
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Sure... why not?  If it's on the internet, it must be true!

Nov 28, 2016 10:19 AM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

I wouldn't trust Zillow to quote Labradoodle food prices.

Nov 28, 2016 02:45 PM
Ambassador
5,048,983
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I suppose it depends on the source of the information and the lender. I would certainly want to verify, as with any quote

Nov 28, 2016 10:13 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

As I wouldn't trust Quicken or the other one how and why would I trust Zillow!

Nov 28, 2016 10:09 AM
Rainmaker
2,781,163
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Everybody can have an opinion...However, I like going to a trusted source

Nov 28, 2016 01:50 PM
Rainer
27,748
Lisa Kula
RE/MAX Cross Country - Highland Village, TX
Residential Realtor serving Highland Village TX

Absolutely NOT!!!   I would keep my loyalties with my lenders.  We all know that rates are going up but depending on your clients credit and finacials they may get better rates through your trusted lender.  Keep those relationships tight!  I mean Zillow gets Zestimates very wrong some times so how can we trust any kind of mortgage rate they post?  Also, who is Zillow's source for those quotes? 

Nov 28, 2016 01:48 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Zillow and mortgage rates? Why not. Many real estate professionals pay a thousand buck a month to validate the darkside.

But I'll bite my lip until a see them providing guidance on DIY chest pain solutions, sponsored by Solar City and their Pacemaker division.

That's the problem with our 'connected' society. Any information will do regardless of how faulty it may be. The good news is banks have their act sufficiently together (not real estate) to bring Zillow to task.

 

Nov 28, 2016 10:16 AM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I wouldn't trust Z to tie my shoes!

Nov 29, 2016 04:43 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I would not trust the company for anything.  

Nov 28, 2016 09:34 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Wanda Kubat-Nerdin - waiting for the time when Zillow will start sending maids to the homes...lol!

Nov 28, 2016 09:16 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Other websites quote rates so i am sure Z has a source they can use to do the same.

Nov 28, 2016 07:35 PM
Ambassador
5,229,945
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I have my list of preferred lenders, thank you very much, Zillow!

Nov 28, 2016 05:50 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

No

Nov 28, 2016 04:41 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Hold on to that question

I'll try to answer it when I'm done laughing!

Nov 28, 2016 03:21 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I wouldn't trust Z with anything....

Nov 28, 2016 02:36 PM
Rainmaker
7,835,900
Roy Kelley
Retired - Gaithersburg, MD

Nope.

Nov 28, 2016 01:33 PM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. I would leave that to loan officer.

Nov 28, 2016 01:06 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not know.

Nov 28, 2016 12:57 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I trust Zillow for nothing! And let's face it, mortgage rates change for different people depending on the product, their credit, amount borrowed, etc.

Nov 28, 2016 11:58 AM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Zillow is a lender.  However, I only consider name banks and local loan brokers for preapproval. 

Nov 28, 2016 11:16 AM
Rainmaker
544,892
John Mosier
Realty ONE Group Mountain Desert - Prescott, AZ
Prescott's Patriot Agent 928 533-8142

I have been selling cabins and land in a remote part of northern Arizona. The fact that there is a mortgage even mentioned on property posts is ridiculous. Lenders will not lend on these properties at all.

I have to spend my time explaining to potential Buyers that Zillow, Trulia and others that they have a different agenda and they do not always display truth in advertising.

Dec 07, 2016 08:26 PM
Rainmaker
1,052,196
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Sure, sure. Z Nation yo.

Nov 30, 2016 09:05 AM
Rainmaker
2,362,942
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

no

Nov 29, 2016 08:32 PM
Rainer
417,221
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Sure they can do brain surgery and oil drilling from their site

Nov 29, 2016 12:45 PM
Rainmaker
1,280,748
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

I don't trust Zillow for ANYTHING

Nov 29, 2016 10:14 AM
Rainmaker
4,936,605
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

No way, I am not a fan of them.

 

Nov 29, 2016 09:55 AM
Rainer
55,673
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

Never,never. Also if you are a Realtor,why would you quote rates? That would be like me telling your buyer,he/she paid too much for the home! So why should a Realtor stay out of the mortgage arena? Here is why. Mortgage rates today are not the same for everyone. I always tell my borrowers "You make your rate." Rates are based on credit score,LTV, property type,and on refinance cash out or not. These are just a few of the many factors that can increase rates. So unless your in the mortgage business,stay away. My wife who sells approximately 50 homes a year,tells her buyer's agent and her clients  "I sell homes,not mortgages."

Nov 29, 2016 07:11 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They can quote all they want, but It's not something I would rely on.

Nov 29, 2016 06:22 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

SImply put, no

Nov 29, 2016 05:47 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

haha!

Nov 29, 2016 04:43 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Well, someone is paying Zillow huge money to to be on that line. Z. does not make it up, someone is creating those ads. 

Nov 29, 2016 12:04 AM
Rainmaker
4,456,466
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

As George Souto  I know I would not since they can not even get their values right for homes...Endre

Nov 28, 2016 10:28 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Oh heck no. I prefer to have my people talk to a local expert. 

Nov 28, 2016 09:42 PM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I think Not!

Nov 28, 2016 08:04 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I would for a ballpark quote.  I'd still stick with my lenders for specifics. 

Nov 28, 2016 07:39 PM
Rainmaker
5,216,387
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Wonder how far off they can be with rates?

Nov 28, 2016 07:22 PM
Rainmaker
2,182,502
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I'm not a fan of Big Z

Nov 28, 2016 06:01 PM
Ambassador
6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

As long as accuracy is not important to you.

Nov 28, 2016 05:51 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Hell NO!!!

Nov 28, 2016 05:12 PM
Rainer
30,836
Vanessa Aparicio
Realty Empire Inc. - Miami Lakes, FL

Definitely not! 

Nov 28, 2016 04:53 PM
Ambassador
1,076,551
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Thats not a rate quote, it's a Zate Quote!

 

Zillow isn't creating that info, simply publishing data gathered elsewhere --- it's likely accurate, but for which data fields you'll never know.  Could be the average of a 740+ FICO score, 75LTV loan with .5 points paid by the borrower.....or could be any number of other scenarios.

 

Not worth looking at twice.

Nov 28, 2016 12:34 PM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Wanda Kubat-Nerdin If their rates are as reliable as their Zestimates - NO!

Nov 28, 2016 11:34 AM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Just like I would never trust Zillow for a true value for a property, I would never trust Zillow for mortage rates!

Nov 28, 2016 11:02 AM
Rainmaker
797,457
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

I wouldn't trust Zillow with anything.

Nov 28, 2016 10:59 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes right after they sold me some ocean front property in Arizona.

Nov 28, 2016 10:54 AM
Rainer
7,230
Sam Brock
Highlands Residential Mortgage - Plano, TX
TX & OK mortgages done the right way, everyday.

Never have, never would.  There are too many variables that come into play with every transaction to assume that anyone could have enough information for an accurate quote without a full application and documentation review by a loan officer.

It may give you a 'ballpark', but not enough to trust.

Nov 28, 2016 10:51 AM
Rainmaker
1,844,271
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Nope, just like the Zestimate.

Nov 28, 2016 10:50 AM
Ambassador
2,161,048
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Zillow is not a lender nor real estate broker for that matter... therefore, there are not making the loan nor the sale.  I think it would be ok for buyers to look but also advisable to get a second or third quote to compare. 

Nov 28, 2016 10:49 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

I don't trust the Internet to do that.  I double and triple check!  A 

Nov 28, 2016 10:46 AM
Rainmaker
472,114
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

There are several variables in calculating an interest rate. The LTV, credit score, loan program, days locked, etc.

When you see ones like the one posted, it may have points, 70% LTV, 800 credit score; all of the best scenarios to provide a seemingly great rate.  

Nov 28, 2016 10:43 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

If it comes from a reputable lender I would.

Nov 28, 2016 09:59 AM
Rainmaker
4,572,117
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Trust but verify and always look for the asterisk.   

Nov 28, 2016 09:59 AM