Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.78 percent, down 1 basis point from the same time last week.
The 30-year fixed mortgage rate hovered around 3.74 percent for most of the week before rising to the current rate on Tuesday.
“Rates were largely flat last week, but we don’t expect this recent stability to continue,” said Erin Lantz, vice president of mortgages at Zillow. “Rates should be more volatile this week as markets watch developments in Greece and Friday’s jobs report.”
Additionally, the 15-year fixed mortgage rate was 2.93 percent, and for 5/1 ARMs, the rate was 2.80 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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