Zillow Mortgage Marketplace: 30-Year Fixed Rate Holds Steady
Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.23 percent, which is the same rate recorded last Tuesday.
The 30-year fixed mortgage rate increased slightly to 4.26 percent early last week before dropping down to 4.23 percent on Thursday where rates hovered for the remainder of the week.
"Last week, rates reached six-week lows after modestly positive economic data was not enough to offset the effects of the disappointing December jobs report," said Erin Lantz, director of mortgages at Zillow. "Although the jobs report presents a temporary reprieve from the longer-term upward trend, looking ahead we expect rates will continue to gradually rise as the economy improves."
Additionally, the 15-year fixed mortgage rate Tuesday morning was 3.21 percent and for 5/1 ARMs, the rate was 2.82 percent.
What are the interest rates right now? Check Zillow Mortgage Marketplace for mortgage rate trends and up-to-the-minute mortgage rates for your state.*The weekly mortgage rate chart illustrates the average 30-year fixed interest in six-hour intervals.
Previous posts from Zillow about mortgages:
Rates Tick Down Again
30-Year Fixed Mortgage Rate Rises Slightly
Infographic: History of Mortgage Rates
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