30-Year Fixed Mortgage Rate Holds Steady
Mortgage rates for 30-year fixed mortgages remained flat this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.26 percent, unchanged from this same time last week.
The 30-year fixed mortgage rate hovered between 3.18 and 3.28 percent for the majority of the week, dropping to the current rate this morning.
“Last week, rates moved down slightly after the weak jobs report but remained essentially flat after Monday’s stronger-than-expected retail sales figures,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Although this is a fairly busy week for U.S. economic data, we expect rates to remain in this low range as the market awaits the European Union Summit on Thursday and looks for positive news that might offset renewed uncertainty about the health of the European economy.”