Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.05 percent, up from 3.95 percent at this same time last week.
The 30-year fixed mortgage rates steadily rose last week before leveling off near 4.05 percent over the weekend.
“Mortgage rates rose mid-week on stronger-than-expected manufacturing data suggesting improvement in the U.S. economy,” said Erin Lantz, director of mortgages at Zillow. “Next week, we expect rates to remain steady until the jobs report is released on Friday, offering more insight into the strength of the economic recovery.”
Additionally, the 15-year fixed mortgage rate this morning was 3.08 percent, and for 5/1 ARMs, the rate was 2.76 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.
via Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News http://feedproxy.google.com/~r/ZillowBlog/~3/O6o8iXJdNX8/,www.greaterftmyershomes.com
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