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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.93 percent, down 2 basis points from the same time last week.

The 30-year fixed mortgage rate rose to 4.03 percent on Friday and remained there through the weekend, then dropped to 3.88 percent on Monday before returning to the current rate.

“After moving higher on Friday, rates fell as markets absorbed the shock of Greece’s decision to close its banks leading up to a referendum on its debt negotiations,” said Erin Lantz, vice president of mortgages at Zillow. “Greece will likely dominate financial headlines again this week, but Thursday’s early jobs report could move markets if lenders don’t clock out early for the Fourth of July holiday.”

Additionally, the 15-year fixed mortgage rate was 3.04 percent, and for 5/1 ARMs, the rate was 2.88 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.

About the Author

Lauren writes about housing trends for the Zillow Blog.

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