Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.28 percent, up from 4.24 percent at this same time last week.

After sharply peaking at 4.42 percent on Thursday, the rate hovered between 4.26 and 4.29 percent during the remainder of the week before dropping slightly to the current rate this morning.

“Mortgage rates initially rose last Thursday after a stronger-than-expected GDP (gross domestic product) report. However, Friday’s relatively soft jobs report erased the prior day’s gains, leaving rates essentially unchanged for the week,” said Erin Lantz, director of Zillow Mortgage Marketplace. “There are few economic reports scheduled this week, so we expect rates to remain fairly stable unless any of the Federal Reserve officials scheduled to share public remarks suggest an acceleration or delay of the Federal Reserve’s stimulus program wind down.”

Additionally, the 15-year fixed mortgage rate this morning was 3.29 percent, and for 5/1 ARMs, the rate was 3.15 percent.

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

08-06-13 0945AM

*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

You also might like...

10-06-15 953AM

Mortgage Rate Update


New Homes are Getting Bigger, and Lots Are Getting Smaller

Baltimore townhomes

The Recession Is Over, But That Hasn't Meant Prosperity for All

Interstate 95 north bound Miami-Dade County, Florida

The Burden of the Commute: Tales From a Rebounding 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