Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.75 percent, up 8 basis points from last week.
The 30-year fixed mortgage rate rose throughout the week before settling at the current rate.
“Mortgage rates avoided the erratic movement of the stock market and rose steadily last week on improving domestic economic data,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect rates to be volatile as markets look for further improvements in the economy’s health — especially Friday’s jobs report — that will influence the Fed’s decision to raise rates later in the year.”
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.