Mortgage rates for 30-year fixed loans fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.53 percent, down 5 basis points from this time last week.
The 30-year fixed mortgage rate fell early in the week, then hovered around 3.53 percent for the rest of the week.
"After dipping early last week on soft economic data, rates have been remarkably flat," said Erin Lantz, vice president of mortgages at Zillow. "This week we expect rates to remain largely unchanged with no big data releases or economic news on the horizon."
Additionally, the 15-year fixed rate Tuesday morning was 2.81 percent. For 5/1 ARMs, the rate was 2.73 percent.