Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, down 5 basis points from the same time last week.
The 30-year fixed mortgage rate fell early in the week, then hovered around 3.71 percent before rising to the current rate on Tuesday. Hawaii saw 30-year fixed rates as low as 3.67 percent.
“Rates fell late last week as a string of weak data raised concerns about the underlying strength of the U.S. economy,” said Erin Lantz, vice president of mortgages at Zillow. “This week markets will look to a few Fed speeches and minutes from April’s Federal Open Market Committee meeting for further guidance.”
Additionally, the 15-year fixed mortgage rate was 2.91 percent, and for 5/1 ARMs, the rate was 2.84 percent.
Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.
Your info has been submitted! If this is your first time signing up, you will soon receive an email asking you to confirm your choice to subscribe. Once confirmed, you can enjoy updates about our latest stories.