30-Year Fixed Mortgage Rate Remains at Historic Lows

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.7 percent, up from 3.66 percent at this same time last week.

On Feb. 7, the 30-year fixed mortgage rate dropped to 3.66 percent – the lowest rate reported since Zillow Mortgage Marketplace launched in April 2008.The 30-year fixed mortgage rate hovered between 3.67 and 3.72 percent for the majority of the week, dropping to the current rate early this morning.

“Mortgage rates showed little change this past week as investors continued to purchase U.S. mortgage bonds that they consider relatively insulated from global uncertainty,” said Erin Lantz, director of Zillow Mortgage Marketplace. “In the coming week, unless there are major new developments out of Greece that might trigger a dip in rates, we expect rates to remain flat to slightly up since lenders are busy with new loans from homeowners anxious to take advantage of historically low interest rates.”

Additionally, the 15-year fixed mortgage rate this morning was 3.0 percent and for 5/1 ARMs, the rate was 2.74 percent.

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