Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.04 percent, up from 3.97 percent at this same time last week.
The 30-year fixed mortgage rate steadily rose last week, peaking at 4.17 percent on Monday before easing back down to the current rate on Tuesday.
“Last week, mortgage rates regained some upward momentum after anxiety triggered by tension in the Middle East and the MH17 flight disaster subsided,” said Erin Lantz, vice president of mortgages at Zillow. “This coming week, we expect rates to remain stable unless Wednesday’s Federal Open Market Committee’s announcement or Friday’s jobs report reveals unexpected news.”
Additionally, the 15-year fixed mortgage rate this morning was 3.05 percent, and for 5/1 ARMs, the rate was 2.83 percent.
Purchase Mortgage Application Activity
Zillow predicts tomorrow’s seasonally-adjusted Mortgage Bankers Association Weekly Application Index will show purchase loan activity decreased by 4 percent from the week prior. To learn more about this Zillow analysis, click here.
What are the interest rates right now? Check Zillow Mortgages 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.
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