Mortgage Rates Remain Low at 3.72% Ahead of Week's News
By Lauren Braun
Mortgage rates for 30-year fixed home loans fell this week, with the rate borrowers were quoted on Zillow at 3.72 percent Tuesday, down three basis points from last week.
The 30-year fixed mortgage rate hovered around 3.75 percent throughout the week before dipping slightly.
"Mortgage rates remained flat most of last week, holding near their lowest levels in a month," said Erin Lantz, vice president of mortgages at Zillow. "We expect rates to be more volatile this week leading up to Friday's monthly jobs report, several important Fed speeches and possible shifts in energy markets after the Organization of Petroleum Exporting Countries' (OPEC) annual summit on Friday."