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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.58 percent, down from 4.71 percent at this same time last week. The last time the 30-year fixed rate was at 4.58 percent was on January 11, 2011.

The 30-year fixed mortgage rate hovered near 4.65 percent for the majority of the week, reaching 4.68 percent on Monday before falling to the current rate.

Additionally, the 15-year fixed mortgage rate on Tuesday morning was 3.77 percent and for 5/1 ARMs, the rate was 2.99 percent.

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

About the Author

Lauren Riefflin manages news around Zillow Mobile communications and works closely with Zillow's real estate economists in preparing Zillow's real estate market reports. She also focuses on celebrity real estate news as both a Zillow Blog author and manager of celebrity content relationships.

  • SharonD

    I heard 30 year mortgages are going to be almost impossible to get.

  • http://getautahhome.com Maria Broman

    No, I don’t think that is true. There have not even been any murmurings to that extent, however interest rates cannot stay this low forever, so we do indeed hear much about interest rates rising, but no one knows how much and when. I suppose this year may remain a bit lower with some increase due to the fact that there are still so many foreclosures still to emerge on the market.

  • http://www.ScottsdaleLenderForeclosure.com Terry S. Smith

    With the Japan crises they will most likely continue to decline.

  • http://blog.movoto.com MH for Movoto

    Yeah . . . . remember at the end of 2010 when there was all that press about “interest rates will never be this low again! they’re going up! they’re going up! buy buy buy!” ? Not so much. And that’s a good thing, I think?

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