30-Year Fixed Mortgage Rate Up Slightly
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.76 percent, up from 3.73 percent at this same time last week.
The 30-year fixed mortgage rate hovered between 3.7 and 3.77 percent for the majority of the week, dropping to the current rate this morning.
“With a lack of significant U.S. or international news to rattle the markets, mortgage rates stabilized close to historically low levels this week,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Looking ahead, we expect this trend to continue through at least the next week, which will open the door for underwater homeowners to take advantage of prevailing low rates for both the HARP 2.0 and FHA Streamline refinance programs.”
*The weekly rate chart illustrates the average 30-year fixed interest in six-hour intervals.