Average 30-Year Fixed Mortgage Rate Falls to 3.75%

Before you go, we thought you'd like these...
Before you go close icon
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 five basis points from last week.

The 30-year fixed rate fell throughout the week before settling at Tuesday's rate.

"Mortgage rates fell last week despite the [Federal Reserve's] decision to raise short-term lending rates," said Erin Lantz, vice president of mortgages at Zillow. "The announcement, which had largely been priced in, contained few surprises and signaled a slow upward path for rates moving forward. This week we expect rates to be flat, as markets will be quiet for the end-of-week holiday."

Additionally, the 15-year fixed mortgage rate was 2.95 percent. For 5/1 ARMs, or adjustable-rate mortgages, the rate was 3.00 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.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips 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 New Home

Buy
Rent
Value
Powered by Zillow

From Our Partners

13 People Recount Their First Kiss Horror Stories 13 People Recount Their First Kiss Horror Stories
Large Numbers Of Horses Are Being Stuffed Into These Crates For A Despicable Reason Large Numbers Of Horses Are Being Stuffed Into These Crates For A Despicable Reason
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going