Mortgage rate update - April 19

Current mortgage rates for 30-year fixed mortgages increased this week, with the current rate borrowers were quoted on Zillow at 3.44 percent, up 5 basis points from last week.

The 30-year fixed mortgage hovered around 3.42 percent for most of the week before rising to the current rate.

"Mortgage rates continued to hold near 3-year lows last week, despite several economic headlines that could have resulted in downward pressure," said Erin Lantz, vice president of mortgages at Zillow. "There is little data on the schedule for this week, so rates will likely remain at their current level."

Additionally, the 15-year fixed mortgage rate was 2.66 percent, and for 5/1 ARMs, the rate was 2.70 percent.

Check Zillow for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

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