Mortgage rate update - April 12

mortgage rate update
mortgage rate update

Current mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow at 3.39 percent, down 1 basis point from last week.

The 30-year fixed mortgage hovered between 3.40 and 3.45 percent for most of the week before dipping to the current rate.

"Mortgage rates were flat last week, holding near three-year lows," said Erin Lantz, vice president of mortgages at Zillow. "With relatively minor data scheduled for release this week, rates should remain near their current levels."

Additionally, the 15-year fixed mortgage rate was 2.63 percent, and for 5/1 ARMs, the rate was 2.64 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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