Mortgage Rates Fluctuating, But Staying Near 5.00%
Rates for 30-year fixed mortgages have been up and down over the past week, but are staying close to the 5.00% mark. The average mortgage rate last week was 5.07%, close to the current rate on Zillow Mortgage Marketplace of 5.09%.
As you can see from the chart above, rates have really been up and down this month. The average mortgage rate for a 30-year fixed two weeks ago was 4.96%, and when I checked Zillow Mortgage Marketplace at around 2 p.m. Pacific time yesterday, the rate was 4.92%.