Mortgage Rates Move Up to 3.66%

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 rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.66 percent, up 10 basis points from this time last week.

The 30-year fixed mortgage rate rose through most of the week, peaking at 3.73 percent on Monday before returning to the current rate.

"Strong U.S. economic data pushed mortgage rates up last week, overcoming any potential headwinds from continued turmoil in Europe that would've pushed rates down," said Erin Lantz, vice president of mortgages at Zillow. "We expect rates will move slightly higher this week as international headlines should again dominate market movements in this data-sparse week."

Additionally, the 15-year fixed mortgage rate Tuesday morning was 2.93 percent. For 5/1 ARMs, the rate was 3.0 percent.

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

Read Full Story

Find a New Home

Buy
Rent
Value
Powered by Zillow

From Our Partners