Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.79 percent, up 2 basis points from the same time last week.
The 30-year fixed mortgage rate fell on Thursday, then hovered around 3.78 percent before rising to the current rate on Tuesday.
“Despite some volatility early on as markets parsed typically unimportant data for signals of the Fed’s first rate hike, mortgage rates remained flat with lenders focused on the Memorial Day holiday,” said Erin Lantz, vice president of mortgages at Zillow. “We expect these ups and downs to continue this week.”
Additionally, the 15-year fixed mortgage rate was 2.96 percent, and for 5/1 ARMs, the rate was 2.91 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.
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