Mortgage Rates Fluctuate But Remain Under 4%

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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 rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.95 percent, up 2 basis points from the same time last week.

The 30-year fixed mortgage rate fell to 3.82 percent on Friday, then hovered around 3.86 percent before rising to the current rate on Tuesday.

"Rates fell last week due to continued uncertainty about Greece's fiscal situation and the Fed signaling it might wait longer than expected to raise interest rates, but recovered as negotiations with Greece continue," said Erin Lantz, vice president of mortgages at Zillow. "Rates will likely be volatile until a deal between Greece and its creditors is finalized."

Additionally, the 15-year fixed mortgage rate was 3.04 percent, and for 5/1 ARMs, the rate was 2.82 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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