30-Year Fixed Mortgage Rate Rises Slightly After Falling to All-Time Low Last Week
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.63 percent, up from 3.59 percent at this same time last week.
The 30-year fixed mortgage rate hovered between 3.55 and 3.6 percent for the majority of the week, jumping to the current rate this morning.
“Mortgage rates remained historically low during the past week as continuing concerns about eurozone economic stability offset the positive tone G8 leaders set with a united commitment to support growth in that area,” said Erin Lantz, director of Zillow Mortgage Marketplace.
“In the run up to the Memorial Day weekend we expect rates will remain fairly flat, still depressed by lingering concerns about Europe,” added Lantz.
*The weekly rate chart illustrates the average 30-year fixed interest in six-hour intervals.