Zillow Mortgage Marketplace: 30-Year-Fixed Rate Bumps Up
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace 4.14 percent, up from 4.09 percent at this same time last week. The 30-year fixed mortgage rate rose early last week before leveling off near 4.13 percent on Friday. (See the full chart below.)
"Rates were essentially unchanged last week despite a weaker than expected jobs report," said Erin Lantz, director of mortgages at Zillow. "Although this week marks Janet Yellen's first congressional testimony as the new Federal Reserve Chair, we expect rates will remain fairly flat."
Additionally, the 15-year fixed mortgage rate this morning was 3.13 percent and for 5/1 ARMs, the rate was 2.80 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 mortgage rates:
30-Year Rates Dip
30-Year Fixed Rate Holds Steady
Rates Tick Down Again
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