Zillow Report: Mortgage Rates Rise to 3.73%
By Lauren Braun
The 30-year fixed mortgage rate rose early in the week, then hovered around 3.67 percent before rising to the current rate Tuesday.
"After rising early last week, rates flattened as weak Q1 GDP data gave markets another reason to believe the Fed's first interest rate hike is further away," said Erin Lantz, vice president of mortgages at Zillow, citing the first quarter gross domestic product report. "This week, markets will focus on Friday's jobs report and a couple Fed speeches. We expect rates to remain flat or increase slightly."