Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, the same rate recorded last Tuesday.
The 30-year fixed mortgage rate hovered around 4.22 percent for the majority of the week, dropping to as low as 4.07 percent on Sunday before spiking to the current rate on Monday.
“Rates were steady last week as uncertain economic data left markets with a fuzzy picture of the health of the economy,” said Erin Lantz, director of mortgages at Zillow. “This week, we expect the uncertainty to continue, leaving rates fairly flat.”
Additionally, the 15-year fixed mortgage rate this morning was 3.17 percent and for 5/1 ARMs, the rate was 2.75 percent.
What are the interest rates right now? Check Zillow Mortgage Marketplace for mortgage rate trends and up-to-the-minute mortgage rates for your state.
*The weekly mortgage rate chart illustrates the average 30-year fixed interest in six-hour intervals.
via Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News http://ift.tt/1hbONoP
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