30-Year Fixed Mortgage Rate Hits 4 Percent for First Time in Seven Weeks

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4 percent, up from 3.99 percent at this same time last week.

The 30-year fixed mortgage rate steadily declined for the majority of the week, dropping to 3.94 percent on Sunday. The rate briefly returned to 4.02 percent before falling to the current rate early this morning.

Additionally, the 15-year fixed mortgage rate this morning was 3.37 percent and for 5/1 ARMs, the rate was 2.81 percent.

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