Mortgage Rates Drift Slightly Downward to 3.75%

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 home loans fell this week, with the rate borrowers were quoted on Zillow at 3.75 percent Tuesday, down four basis points from last week.

The 30-year fixed mortgage rate fell throughout the week before settling at 3.75.

"Mortgage rates remained fairly flat last week," said Erin Lantz, vice president of mortgages at Zillow. "There is a risk of short-term volatility this holiday-shortened week due to lower than normal market participation and several important data releases."

Additionally, the 15-year fixed mortgage rate was 2.93 percent. For 5/1 ARMs, or adjustable-rate mortgages, the rate was 2.92 percent.

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

Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Buy
Rent
Value
Powered by Zillow