Mortgage Rates Ease to 3.73% After Rising on Jobs Report

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

By Lauren Braun

Mortgage rates for 30-year fixed loans rose this week, with the rate borrowers were quoted on Zillow Mortgages at 3.73 percent Tuesday, up 3 basis points from the same time last week.

The 30-year fixed rate rose Friday to 3.83 percent, where rates hovered through the weekend before dipping Tuesday.

"Rates remained flat for most of last week but jumped sharply after Friday's exceptionally strong jobs report, before easing back down early this week," said Erin Lantz, vice president of mortgages at Zillow. "We expect rates to hold steady this week due to little incoming data and the official start of the European Central Bank's bond purchases."

The 15-year fixed mortgage rate was at 2.92 percent Tuesday. For 5/1 ARMs, the rate was 2.89 percent.

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

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