Rates Fall to 3.93% After Briefly Breaking 4% Barrier
By Lauren Braun
The 30-year fixed mortgage rate rose to 4.01 percent last week before falling and then hovering around the current rate for the rest of the week.
"Rates retreated from their nine-month highs late last week as a new round of concerns emerged about Greece exiting the eurozone," said Erin Lantz, vice president of mortgages at Zillow. "This week there is the potential for a big rate move as markets focus on Wednesday's Federal Open Market Committee meeting and a resolution of Greek debt negotiation, two forces that could push rates in opposite directions."