30-Year Fixed Mortgage Rate Falls To Four-Week Low
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.73 percent, down from 3.81 percent at this same time last week.
After rising to 3.95 percent on Wednesday, the 30-year fixed mortgage rate hovered between 3.8 and 3.9 percent for the rest of the week, falling to the current rate early this morning.
“Spurred by an unimpressive U.S. jobs report and concerns about Spain’s financial situation, mortgage rates fell to a four-week low after spiking early last week,” said Erin Lantz, director of Zillow Mortgage Marketplace.
“This coming week, we expect rates to remain fairly flat, barring worsening news out of Europe or Federal Reserve commentary that contradicts the optimistic tone set by the release of the Fed’s meeting minutes last week,” added Lantz.
*The weekly rate chart illustrates the average 30-year fixed interest in six-hour intervals.