Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.95 percent, up 2 basis points from the same time last week.
The 30-year fixed mortgage rate fell to 3.82 percent on Friday, then hovered around 3.86 percent before rising to the current rate on Tuesday.
“Rates fell last week due to continued uncertainty about Greece’s fiscal situation and the Fed signaling it might wait longer than expected to raise interest rates, but recovered as negotiations with Greece continue,” said Erin Lantz, vice president of mortgages at Zillow. “Rates will likely be volatile until a deal between Greece and its creditors is finalized.”
Additionally, the 15-year fixed mortgage rate was 3.04 percent, and for 5/1 ARMs, the rate was 2.82 percent.
Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.
via Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News http://ift.tt/1ycLKab
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