30-Year Fixed Mortgage Rate Rises Slightly

Mortgage rates for 30-year fixed mortgages rose slightly this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace 4.39 percent, up from 4.38 percent at this same time last week.

The 30-year fixed mortgage rate has remained relatively flat since last week, hovering between 4.38 and 4.42 percent for the majority of time.

“Rates were flat during last week’s holiday-shortened trading week,” said Erin Lantz, director of mortgages at Zillow. “This week rates should remain steady unless the December jobs report released on Friday reveals unexpected insights into the health of the U.S. labor market.”

Additionally, the 15-year fixed mortgage rate this morning was 3.35 percent and for 5/1 ARMs, the rate was 2.89 percent.

What are the interest rates right now? Check Zillow Mortgage Marketplace for mortgage rate trends and up-to-the-minute mortgage rates for your state.
01-07-14 945 AM*The weekly mortgage rate chart illustrates the average 30-year fixed interest in six-hour intervals.