Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.9 percent, up from 3.83 percent at this same time last week.
After rising to 3.94 percent last Thursday, the 30-year fixed mortgage rated hovered between 3.93 and 3.91 percent for the rest of the week, falling to the current rate early this morning.
“Mortgage rates have remained low throughout the week and likely will stay at historically low levels for the foreseeable future,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This is great news for the nearly 900,000 current homeowners that are projected to take advantage of the revamped Home Affordable Refinance Program by the end of 2013.”
Additionally, the 15-year fixed mortgage rate this morning was 3.24 percent and for 5/1 ARMs, the rate was 2.82 percent.
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