Thirty-Year Fixed Mortgage Rate Reaches New Record Low; Current 30-Year Fixed Rate is 4.53%

Date:June 22, 2010 | Author:Lauren Riefflin | Category:Mortgages

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.53 percent, down from 4.58 percent at this same time last week. This rate represents the lowest rate recorded since Zillow Mortgage Marketplace launched in April 2008.

The 30-year fixed mortgage rate remained steady throughout the week after peaking near 5.65 percent Tuesday evening.

Additionally, the 15-year fixed mortgage rate on Tuesday morning was 4.04 percent and for 5/1 ARMs, the rate was 3.50 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.