Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.81 percent, up from 3.77 percent at this same time last week.
The 30-year fixed mortgage rate hovered between 3.75 and 3.83 percent for the majority of the week, peaking at 3.85 percent last Sunday before falling to the current rate.
“Although rates may rise slightly if we experience a year-end stock market rally, we don’t expect rates to break out of the 3.7 to 3.9 percent band where they’ve remained throughout the past month,” said Erin Lantz, director of Zillow Mortgage Marketplace.
Additionally, the 15-year fixed mortgage rate this morning was 3.11 percent and for 5/1 ARMs, the rate was 2.63 percent.
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