Mortgage Rates Only Slightly Higher at 3.81% in Quiet Week

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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 rate borrowers were quoted Tuesday on Zillow at 3.81 percent, up six basis points from last week.

The 30-year fixed mortgage rose throughout the week, reaching 3.86 percent on Saturday before falling Monday.

"Mortgage rates increased modestly early last week, mostly due to market anomalies associated with the holiday-shortened week," said Erin Lantz, vice president of mortgages at Zillow. "We expect another quiet couple of days in mortgage markets this week."

Additionally, the 15-year fixed mortgage rate was 3.02 percent, and for 5/1 ARMs, the rate was 3.05 percent.

Check Zillow for mortgage 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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