30-Year Fixed Mortgage Rate Rises to Highest Rate in Four Weeks

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.76 percent, up from 3.7 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.67 and 3.76 percent for the majority of the week, peaking at 3.79 percent on Friday before falling to the current rate this morning.

“Rates drifted slightly up this past week, on expectations of progress in Greece’s bailout negotiations and improving U.S. economic news,” said Erin Lantz, director of Zillow Mortgage Marketplace. “With a shortened and relatively slow week for U.S. economic data, we expect rates to remain fairly steady.”

Additionally, the 15-year fixed mortgage rate this morning was 3.0 percent and for 5/1 ARMs, the rate was 2.75 percent.

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