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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.94 percent, up from 3.91 percent at this same time last week. Last week marked the lowest recorded rate since Zillow Mortgage Marketplace launched in April 2008.

The 30-year fixed mortgage rate rose to 4 percent last Friday, and then hovered between 3.99 percent and 3.97 percent for the rest of the weekend. The rate dropped to 3.91 percent before rising to the current rate early this morning.

Additionally, the 15-year fixed mortgage rate this morning was 3.13 percent and for 5/1 ARMs, the rate was 2.67 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.

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