30-Year Fixed Mortgage Rate Hovers Above All-Time Low
After peaking at 3.24 percent on Thursday, the rate fluctuated between 3.17 and 3.2 percent over the remainder of the week before rising to the current rate this morning.
“As fiscal cliff concerns remained top of mind this past week, rates remained fairly flat, which is consistent with the last month,” said Erin Lantz, director of Zillow Mortgage Marketplace. “We expect this steady pattern to continue this week as the market is closed for Thanksgiving.”
*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.