Mortgage rates for 30-year fixed mortgages were unchanged this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.58 percent, the same rate as this time last week.
The 30-year fixed mortgage rate hovered between 3.58 percent and 3.83 percent before settling at the current rate.
“Rates were on a roller coaster last week but settled roughly where they started, holding near 20-month lows,” said Erin Lantz, vice president of mortgages at Zillow. “U.S. domestic data are expected to play a prominent role this week with Wednesday’s Federal Open Market Committee statement and Friday’s GDP report, but international news could still drive markets. Overall, we expect rates to remain flat over the next week.”
Additionally, the 15-year fixed mortgage rate this morning was 2.94 percent, and for 5/1 ARMs, the rate was 2.95 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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