Mortgage Rates Settle Back to 3.75%
By Lauren Braun
Mortgage rates for 30-year fixed loans rose slightly this week, with the current rate borrowers were quoted on Zillow at 3.75 percent Tuesday, up three basis points from last week.
The 30-year fixed rate rose higher during the week before dipping to the current rate.
"Mortgage rates spiked late last week after the European Central Bank surprised markets by not expanding its asset purchase program, which aims to push rates lower," said Erin Lantz, vice president of mortgages at Zillow. "Following that spike, rates have retreated to only slightly above where they began the week. We expect markets to be quieter this week with few important data releases or speeches on the schedule."