Mortgage Rates Holding Steady Near 3.75% in September

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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 mortgages fell almost imperceptibly this week, with the rate borrowers were quoted on Zillow Mortgages at 3.74 percent Tuesday, down 1 basis point from last week.

The 30-year fixed mortgage rate hovered around that rate throughout the week.

"Rates dipped slightly last week following a mildly disappointing jobs report but quickly rebounded, ending the week where they began," said Erin Lantz, vice president of mortgages at Zillow. "With limited domestic data slated for release in this holiday-shortened week, we expect rates will remain fairly steady for the second week in a row."

Additionally, the 15-year fixed mortgage rate was 2.90 percent. For 5/1 ARMs, the rate was 2.66 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.

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