Mortgage Rates Holding at 3.75% Ahead of Signals From Fed
By Lauren Braun
Mortgage rates for 30-year fixed loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.75 percent, up one basis point from last week.
The 30-year fixed rate hovered around 3.73 percent throughout the week before rising to the current rate Tuesday.
"Mortgage rates held steady last week," said Erin Lantz, vice president of mortgages at Zillow. "We expect rates to remain calm leading up to Thursday's Federal Open Market Committee statement as markets eagerly anticipate any signal or action from the Fed on interest rates."
(Update: The Fed kept interest rates unchanged Thursday, citing concerns about the global economy.)