Menu

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.38 percent, down from 4.49 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 4.49 and 4.44 percent for the majority of the week before dropping to the current rate on Monday.

“Mortgage rates dropped on Monday after former Treasury secretary Larry Summers withdrew his name from consideration for Federal Reserve chairman. His decision makes it more likely Fed Vice Chair Janet Yellen will take the role and continue Ben Bernanke’s fairly accommodative monetary policy that has helped keep rates low,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Tomorrow, markets will be highly influenced by the Fed’s announcement and press conference, which will provide guidance on its plans to start winding down the stimulus program.”

Additionally, the 15-year fixed mortgage rate this morning was 3.36 percent, and for 5/1 ARMs, the rate was 3.05 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.

09-17-13 0949 AM*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

You also might like...

Source:  moppet65535  via  Flickr Creative Commons

Braving the Wilds as a Self-Employed Borrower

Source: Zillow Digs

Total Value of All US Homes Is $27.5 Trillion

Source: Zillow Digs

Millions Escape Negative Equity as Markets Improve

12-16-14 951AM

Mortgage Rate Update

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