Mortgage rates for 30-year fixed mortgages did not change this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.73 percent, unchanged from last week.
The 30-year fixed mortgage rate rose on Friday, then hovered around 3.76 percent before falling to the current rate Tuesday.
“Mortgage rates are almost unchanged from last week despite some volatility in response to mixed messages from incoming data and Fed commentary,” said Erin Lantz, vice president of mortgages at Zillow. “Despite a number of important speeches and data releases this week, expectations for the first Fed rate hike are firmly focused on December. We expect rates will remain roughly flat in the absence of exceptional global events.”
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.