30-Year Fixed Mortgage Rate Rises Slightly
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.28 percent, up from 3.26 percent at this same time last week.
The 30-year fixed mortgage rate hovered between 3.28 and 3.32 percent for the majority of the week, dropping to the current rate this morning.
“Mortgage rates rose slightly last week, spurred by improving economic data on consumer spending, housing and jobs,” said Erin Lantz, director of Zillow Mortgage Marketplace. “In the coming week, we expect rates will be fairly flat until the markets receive more clarity around the outcome of the looming debt ceiling debate.”