Menu

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.18 percent, down from 3.26 percent at this same time last week.

This represents the lowest rate reported since Zillow Mortgage Marketplace launched in April 2008 — the last time this rate was reported was on Sept. 25. After peaking at 3.35 percent on Wednesday, it fluctuated between 3.19 and 3.25 percent over the remainder of the week before dipping to the current rate this morning.

“The post-election market has proven favorable for borrowers as mortgage rates are now at an all-time low,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Looking ahead, we expect rates to stay in record-low territory as Congress works though a resolution for the looming fiscal cliff.”

Additionally, the 15-year fixed mortgage rate this morning was 2.63 percent, and for 5/1 ARMs, the rate was 2.38 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