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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 3.99 percent, up from 3.76 percent at this same time last week. This rate represents the highest rate recorded on Zillow Mortgage Marketplace since August 30, 2011.

“Better than expected September employment figures lifted rates to a six week high, offsetting some of the downward pressure that the European debt crisis has exerted on rates over the past weeks,” said Erin Lantz, director of Zillow Mortgage Marketplace.

The 30-year fixed mortgage rate rose to 4 percent last Friday, and then hovered between 4.01 and 3.97 percent for the remainder of the week.

Additionally, the 15-year fixed mortgage rate this morning was 3.82 percent and for 5/1 ARMs, the rate was 2.86 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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