Menu

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.26 percent, up from 3.24 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.23 and 3.3 percent for the majority of the week, rising to the current rate this morning.

“Despite a stronger-than-expected jobs report this past week, rates stayed fairly flat, largely because of a shortened trading week and other concerns in the aftermath of Hurricane Sandy that spurred continued safe-haven buying of mortgage-backed securities,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This coming week, domestic economic news will be limited due to the U.S. presidential election. However, headlines out of Greece could drive more rate volatility if the Greek government faces increasing opposition to the labor market reforms needed to receive International Monetary Fund and European Union bailout funds.”

Additionally, the 15-year fixed mortgage rate this morning was 2.66 percent, and for 5/1 ARMs, the rate was 2.4 percent.

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

*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

About the Author

Camille writes about housing trends for the Zillow Blog.

You also might like...

Source:  Peter Miller  via  Flickr Creative Commons

Cover Your Legal Bases Before a Home Improvement Project

Source:  Jon Bunting  via  Flickr Creative Commons

Warning! Fall Sticker Shock Ahead

Source:  Kristin Wall  via  Flickr Creative Commons

Home Repair Showdown: Warranty vs. Insurance

Source:  Death to the Stock Photo

Tips for Baby Boomers Entering the Real Estate Market

Subscribe for Zillow Blog updates

We will not rent, share or spam your account, ever. Please read and review our privacy policy.

You can also stay updated by following us below

instagram googleplus pinterest