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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 3.28 percent, up from 3.26 percent at this same time last week.

After peaking at 3.35 percent on Friday, the 30-year fixed mortgage rate dropped and hovered between 3.27 and 3.3 percent over the weekend, dropping to the current rate this morning.

“This past week, rates moved up slightly on optimism about the Eurozone’s recovery and improving U.S. economic data,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Although Wednesday’s Federal Open Market Committee announcement has the potential to move markets, we don’t expect policy changes that would move markets out of the flat sideways pattern in the coming week.”

Additionally, the 15-year fixed mortgage rate this morning was 2.65 percent, and for 5/1 ARMs, the rate was 2.51 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.

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