30-Year Fixed Mortgage Rates Rise Slightly

Posted

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.24 percent, up from 4.2 percent at this same time last week.

After peaking at 4.32 percent on Thursday, the rate fluctuated between 4.25 and 4.3 percent over the remainder of the week before dropping to the current rate this morning.

"Rates remained fairly flat this week with a short-lived surge spurred by a stronger-than-expected new home sales report late last week," said Erin Lantz, director of Zillow Mortgage Marketplace. "This coming week, although there is a full schedule of economic news planned for release, we expect rates to remain steady until a clearer picture of economic health emerges."

Additionally, the 15-year fixed mortgage rate this morning was 3.28 percent, and for 5/1 ARMs, the rate was 3.19 percent.


TALK TO US

If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.

Powered by Creative Circle Media Solutions