Mortgage Rates Slightly Down at 3.53% and Holding Steady

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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 fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.53 percent, down 5 basis points from this time last week.

The 30-year fixed mortgage rate fell early in the week, then hovered around 3.53 percent for the rest of the week.

"After dipping early last week on soft economic data, rates have been remarkably flat," said Erin Lantz, vice president of mortgages at Zillow. "This week we expect rates to remain largely unchanged with no big data releases or economic news on the horizon."

Additionally, the 15-year fixed rate Tuesday morning was 2.81 percent. For 5/1 ARMs, the rate was 2.73 percent.

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

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