Mortgage Rates Hold Unchanged This Week at 3.58%

Before you go, we thought you'd like these...
Before you go close icon
ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

By Lauren Braun

Mortgage rates for 30-year fixed loans were unchanged this week, with the rate borrowers were quoted on Zillow Mortgages at 3.58 percent, the same as this time last week.

The 30-year fixed mortgage rate hovered between 3.58 percent and 3.83 percent before settling at the current rate.

"Rates were on a roller coaster last week but settled roughly where they started, holding near 20-month lows," said Erin Lantz, vice president of mortgages at Zillow. "U.S. domestic data are expected to play a prominent role this week with Wednesday's Federal Open Market Committee statement and Friday's GDP [gross domestic product] report, but international news could still drive markets. Overall, we expect rates to remain flat over the next week."

Additionally, the 15-year fixed mortgage rate Tuesday morning was 2.94 percent, and for 5/1 ARMs, the rate was 2.95 percent.

Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to determine monthly payments at the current rates.

Read Full Story

Find a New Home

Powered by Zillow

People are Reading