Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.68 percent, down from 4.71 percent at this same time last week.
The 30-year fixed mortgage rate peaked on Thursday at 4.9 percent, declined steadily through Saturday and then hovered near 4.7 percent for the remainder of the week.
Additionally, the 15-year fixed mortgage rate on Tuesday morning was 4.03 percent and for 5/1 ARMs, the rate was 3.2 percent.
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